Massimiliano Amarante () (University of California, Los Angeles - Department of Economics)
Abstract
In repeated games with public monitoring, the consideration of behavior strategies makes relevant the distinction between public and private strategies. Recently, Kandori and Obara [6] and Mailath, Matthews and Sekiguchi [8] have provided examples of games with equilibrium payoffs in private strategies which lie outside the set of Public Perfect Equilibrium payoffs. The present paper focuses on another distinction, that between mixed and behavior strategies. It is shown that, as far as with mixed strategies one is concerned, the restriction to public strategies is not a restriction at all.
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Paper provided by Columbia University, Department of Economics in its series Discussion Papers with number
0102-49.
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References listed on IDEAS 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.:
Mertens, J.-F., 1986.
"Repeated games,"
CORE Discussion Papers
1986024, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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