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Continuous Time Models of Repeated Games with Imperfect Public Monitoring

Author

Listed:
  • Drew Fudenberg
  • David K. Levine

    (University of California Los Angeles)

Abstract

In this paper we consider a number of different ways that a sequence of discrete-time repeated games can approach a continuous-time limit. Our purpose is to clarify the effects of three different factors: 1) The distribution of signals in a fixed discrete-time game, 2) How the distribution (and notably its variance) changes with the period length, and 3) whether some of the player roles are filled by sequences of short-run players

Suggested Citation

  • Drew Fudenberg & David K. Levine, 2006. "Continuous Time Models of Repeated Games with Imperfect Public Monitoring," 2006 Meeting Papers 680, Society for Economic Dynamics.
    • Handle: RePEc:red:sed006:680
    as

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    More about this item

    Keywords

    game theory; repeated games;

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • A1 - General Economics and Teaching - - General Economics

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