Equivalence of public mixed-strategies and private behavior-strategies in games with public monitoring
AbstractIn repeated games with public monitoring, the consideration of behavior strategies makes relevant the distinction between public and private strategies. Recently, Kandori and Obara  and Mailath, Matthews and Sekiguchi  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. Our result provides a general explanation for the findings of Kandori and Obara  and Mailath, Matthews and Sekiguchi  as well as a general method for constructing examples of that sort.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Columbia University, Department of Economics in its series Discussion Papers with number 0203-22.
Length: 11 pages
Date of creation: 2003
Date of revision:
Contact details of provider:
Postal: 1022 International Affairs Building, 420 West 118th Street, New York, NY 10027
Phone: (212) 854-3680
Fax: (212) 854-8059
Web page: http://www.econ.columbia.edu/
More information through EDIRC
Other versions of this item:
- Massimiliano Amarante, 2002. "Equivalence of public mixed-strategies and private behavior strategies in games with public monitoring," Discussion Papers 0102-49, Columbia University, Department of Economics.
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Discussion Paper Coordinator).
If references are entirely missing, you can add them using this form.