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A note on the evaluation of information in zero-sum repeated games

  • Lehrer, Ehud
  • Rosenberg, Dinah
Registered author(s):

    Two players play a zero-sum repeated game with incomplete information. Before the game starts one player receives a private signal that depends on the realized state of nature. The rules that govern the choice of the signal are determined by the information structure of the game. Different information structures induce different values. The value-of-information function of a game associates every information structure with the value it induces. We characterize those functions that are value-of-information functions for some zero-sum repeated game with incomplete information.

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    File URL: http://www.sciencedirect.com/science/article/B6VBY-4YKGJBJ-1/2/3434508be0db39366b2991af6b4d6d50
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    Article provided by Elsevier in its journal Journal of Mathematical Economics.

    Volume (Year): 46 (2010)
    Issue (Month): 4 (July)
    Pages: 393-399

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    Handle: RePEc:eee:mateco:v:46:y:2010:i:4:p:393-399
    Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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    1. Robert J. Aumann, 1995. "Repeated Games with Incomplete Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011476, June.
    2. Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-74, September.
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