"New Progress in Repeated Games: Implicit Collusion with Private Monitaring" (in Japanese)
AbstractThe present paper provides a survey on the recent progress in the theory of repeated games. Many recent works investigated infinitely repeated games with discounting, and newly assumed that monitoring is private. These works provided their respective folk theorems or efficiency theorems on this assumption. In particular, it was shown in Matsushima (2001a) that in repeated prisoner dilemma games, approximate efficiency can be attained by a perfect equilibrium when private signals are conditionally independent and players are patient enough, irrespective of the accuracy of private monitoring technology. It was also shown in Matsushima (2001b) that in general two player games, approximate efficiency can be attained even though private signals are imperfectly correlated. The efficiency theorem can be applied to the study of cartel behavior with secret price cuts.
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 CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE J-Series with number CIRJE-J-65.
Length: 26 pages
Date of creation: Oct 2001
Date of revision:
Contact details of provider:
Postal: Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033
Web page: http://www.cirje.e.u-tokyo.ac.jp/index.html
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-10-16 (All new papers)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CIRJE administrative office).
If references are entirely missing, you can add them using this form.