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An Approximate Folk Theorem with Imperfect Private Information

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  • D. Fudenberg
  • D. K. Levine

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Bibliographic Info

Paper provided by David K. Levine in its series Levine's Working Paper Archive with number 607.

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Date of creation: 01 Jan 1991
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Handle: RePEc:cla:levarc:607

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References

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  1. Rubinstein, Ariel & Yaari, Menahem E., 1983. "Repeated insurance contracts and moral hazard," Journal of Economic Theory, Elsevier, vol. 30(1), pages 74-97, June.
  2. Ehud Lehrer, 1988. "Internal Correlation in Repeated Games," Discussion Papers 800, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Porter, Robert H., 1983. "Optimal cartel trigger price strategies," Journal of Economic Theory, Elsevier, vol. 29(2), pages 313-338, April.
  4. D. Fudenberg & D. M. Kreps & E. Maskin, 1998. "Repeated Games with Long-run and Short-run Players," Levine's Working Paper Archive 608, David K. Levine.
  5. Radner, Roy & Myerson, Roger & Maskin, Eric, 1986. "An Example of a Repeated Partnership Game with Discounting and with Uniformly Inefficient Equilibria," Review of Economic Studies, Wiley Blackwell, vol. 53(1), pages 59-69, January.
  6. Fudenberg, Drew & Levine, David I & Maskin, Eric, 1994. "The Folk Theorem with Imperfect Public Information," Econometrica, Econometric Society, vol. 62(5), pages 997-1039, September.
  7. Robert J. Aumann & Lloyd S. Shapley, 2013. "Long Term Competition -- A Game-Theoretic Analysis," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 627-640, November.
  8. Fudenberg, Drew & Maskin, Eric, 1991. "On the dispensability of public randomization in discounted repeated games," Journal of Economic Theory, Elsevier, vol. 53(2), pages 428-438, April.
  9. David M Kreps & Robert Wilson, 2003. "Sequential Equilibria," Levine's Working Paper Archive 618897000000000813, David K. Levine.
  10. Edward J Green & Robert H Porter, 1997. "Noncooperative Collusion Under Imperfect Price Information," Levine's Working Paper Archive 1147, David K. Levine.
  11. Rubinstein, Ariel, 1979. "Equilibrium in supergames with the overtaking criterion," Journal of Economic Theory, Elsevier, vol. 21(1), pages 1-9, August.
  12. Drew Fudenberg & Eric Maskin, 1998. "The Folk Theorem for Repeated Games with Discounting and Incomplete Information," Levine's Working Paper Archive 224, David K. Levine.
  13. Radner, Roy, 1985. "Repeated Principal-Agent Games with Discounting," Econometrica, Econometric Society, vol. 53(5), pages 1173-98, September.
  14. Radner, Roy, 1981. "Monitoring Cooperative Agreements in a Repeated Principal-Agent Relationship," Econometrica, Econometric Society, vol. 49(5), pages 1127-48, September.
  15. Radner, Roy, 1986. "Repeated Partnership Games with Imperfect Monitoring and No Discounting," Review of Economic Studies, Wiley Blackwell, vol. 53(1), pages 43-57, January.
  16. Lehrer Ehud & Monderer Dov, 1994. "Discounting versus Averaging in Dynamic Programming," Games and Economic Behavior, Elsevier, vol. 6(1), pages 97-113, January.
  17. Lehrer, E, 1990. "Nash Equilibria of n-Player Repeated Games with Semi-standard Information," International Journal of Game Theory, Springer, vol. 19(2), pages 191-217.
  18. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
  19. Friedman, James W, 1971. "A Non-cooperative Equilibrium for Supergames," Review of Economic Studies, Wiley Blackwell, vol. 38(113), pages 1-12, January.
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Citations

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Cited by:
  1. Marco Scarsini & Tristan Tomala, 2012. "Repeated congestion games with bounded rationality," International Journal of Game Theory, Springer, vol. 41(3), pages 651-669, August.
  2. Mouraviev, Igor, 2006. "Private Observation, Tacit Collusion and Collusion with Communication," Working Paper Series 672, Research Institute of Industrial Economics.
  3. Tomala, Tristan, 1999. "Nash Equilibria of Repeated Games with Observable Payoff Vectors," Games and Economic Behavior, Elsevier, vol. 28(2), pages 310-324, August.
  4. Michihiro Kandori, 2001. "Introduction to Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-114, CIRJE, Faculty of Economics, University of Tokyo.
  5. Frank Verboben, 1997. "Localized Competition, Multimarket Operation and Collusive Behavior," CIG Working Papers FS IV 97-03, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
  6. Verboven, F., 1995. "Localized Competition, Multimarket Operation and Collusive Behavior," Discussion Paper 1995-49, Tilburg University, Center for Economic Research.
  7. Aoyagi, Masaki, 2002. "Collusion in Dynamic Bertrand Oligopoly with Correlated Private Signals and Communication," Journal of Economic Theory, Elsevier, vol. 102(1), pages 229-248, January.
  8. Laclau, Marie, 2012. "A folk theorem for repeated games played on a network," Games and Economic Behavior, Elsevier, vol. 76(2), pages 711-737.
  9. Laclau, M., 2013. "Repeated games with local monitoring and private communication," Economics Letters, Elsevier, vol. 120(2), pages 332-337.
  10. Jee-Hyeong Park, 2000. "Sustaining Free Trade with Imperfect Private Information about Non-Tariff Barriers," Econometric Society World Congress 2000 Contributed Papers 1036, Econometric Society.
  11. Joyee Deb & Julio González Díaz & Jérôme Renault, 2013. "Uniform Folk Theorems in Repeated Anonymous Random Matching Games," Working Papers 13-16, New York University, Leonard N. Stern School of Business, Department of Economics.
  12. Jérôme Renault & Tristan Tomala, 2011. "General Properties of Long-Run Supergames," Dynamic Games and Applications, Springer, vol. 1(2), pages 319-350, June.
  13. Michihiro Kandori & Hitoshi Matsushima, 1997. "Private observation and Communication and Collusion," Levine's Working Paper Archive 1256, David K. Levine.
  14. Compte, Olivier, 2002. "On Failing to Cooperate When Monitoring Is Private," Journal of Economic Theory, Elsevier, vol. 102(1), pages 151-188, January.
  15. Takizawa, Shinichiro, 2008. "The effect of decisions under uncertainty on imperfect monitoring games," Economics Letters, Elsevier, vol. 100(2), pages 165-168, August.
  16. Jee-Hyeong Park, 2004. "Sustaining Free Trade with Imperfect Private Information about Non-Tariff Barriers," Econometric Society 2004 Far Eastern Meetings 736, Econometric Society.
  17. Compte, Olivier, 2002. "On Sustaining Cooperation without Public Observations," Journal of Economic Theory, Elsevier, vol. 102(1), pages 106-150, January.
  18. Ben-Porath, Elchanan & Kahneman, Michael, 2003. "Communication in repeated games with costly monitoring," Games and Economic Behavior, Elsevier, vol. 44(2), pages 227-250, August.
  19. Rudolf Kerschbamer & Muriel Niederle & Josef Perktold, 2000. "Market Institutions and Quality Enforcement," Econometric Society World Congress 2000 Contributed Papers 1482, Econometric Society.

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