Characterization of correlated equilibria in stochastic games

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Characterization of correlated equilibria in stochastic games

Author Info

Eilon Solan () (Department of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, and the School of Mathematical Sciences, Tel Aviv University, Tel Aviv 69978, Israel. Final version July 2001)

Additional information is available for the following registered author(s):

Eilon Solan

Abstract

A general communication device is a device that at every stage of the game receives a private message from each player, and in return sends a private signal to each player; the signals the device sends depend on past play, past signals it sent, and past messages it received.

An autonomous correlation device is a general communication device where signals depend only on past signals the device sent, but not on past play or past messages it received.

We show that the set of all equilibrium payoffs in extended games that include a general communication device coincides with the set of all equilibrium payoffs in extended games that include an autonomous correlation device. A stronger result is obtained when the punishment level is independent of the history.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 30 (2001)
Issue (Month): 2 ()
Pages: 259-277
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:spr:jogath:v:30:y:2001:i:2:p:259-277

Note: received. An autonomous correlation device is a general communication device where signals depend only on past signals the device sent, but not on past play or past messages it received. We show that the set of all equilibrium payoffs in extended games that include a general communication device coincides with the set of all equilibrium payoffs in extended games that include an autonomous correlation device. A stronger result is obtained when the punishment level is independent of the history.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

F. Forges & B. von Stengel, 2002. "Computionally Efficient Coordination in Games Trees," THEMA Working Papers 2002-05, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]

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