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Privately Observed Time Horizons in Repeated Games

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  • Renault, Regis

Abstract

This paper considers the repetition of a finite two person game when each player knows an upper bound on the length of the game, but assigns a positive probability to his opponent overestimating the length of the game. It is shown that with sufficiently little discounting, any payoff vector that strictly Pareto dominates that of a Nash equilibrium of the constituent game can be sustained in a Perfect Bayesian Equilibrium if the number of periods remaining is sufficiently large.
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  • Renault, Regis, 2000. "Privately Observed Time Horizons in Repeated Games," Games and Economic Behavior, Elsevier, vol. 33(1), pages 117-125, October.
    • Handle: RePEc:eee:gamebe:v:33:y:2000:i:1:p:117-125
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    References listed on IDEAS

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    5. Rubinstein, Ariel, 1989. "The Electronic Mail Game: Strategic Behavior under "Almost Common Knowledge."," American Economic Review, American Economic Association, vol. 79(3), pages 385-391, June.
    6. Drew Fudenberg & David Levine, 2008. "Subgame–Perfect Equilibria of Finite– and Infinite–Horizon Games," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 1, pages 3-20, World Scientific Publishing Co. Pte. Ltd..
    7. Abraham Neyman, 1999. "Cooperation in Repeated Games when the Number of Stages is Not Commonly Known," Econometrica, Econometric Society, vol. 67(1), pages 45-64, January.
    8. Monderer, Dov & Samet, Dov, 1989. "Approximating common knowledge with common beliefs," Games and Economic Behavior, Elsevier, vol. 1(2), pages 170-190, June.
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    Cited by:

    1. Marlats, Chantal, 2019. "Perturbed finitely repeated games," Mathematical Social Sciences, Elsevier, vol. 98(C), pages 39-46.

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    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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