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Delayed perfect monitoring in repeated games

  • Markus Kinateder

    ()

Delayed perfect monitoring in an infinitely repeated discounted game is studied. A player perfectly observes any other player’s action choice with a fixed and finite delay. The observational delays between different pairs of players are heterogeneous and asymmetric. The Folk theorem extends to this setup. As is shown for an example, for a range of discount factors, the set of perfect public equilibria is reduced under certain conditions and efficiency improves when the players take into account private information. This model applies to many situations in which there is a heterogeneous delay between information generation and the players’ reaction. Copyright Springer-Verlag Berlin Heidelberg 2013

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File URL: http://hdl.handle.net/10.1007/s00182-012-0349-3
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Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 42 (2013)
Issue (Month): 1 (February)
Pages: 283-294

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Handle: RePEc:spr:jogath:v:42:y:2013:i:1:p:283-294
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  1. Abreu, Dilip & Dutta, Prajit K & Smith, Lones, 1994. "The Folk Theorem for Repeated Games: A NEU Condition," Econometrica, Econometric Society, vol. 62(4), pages 939-48, July.
  2. Drew Fudenberg & David K Levine & Satoru Takahashi, 2004. "Perfect Public Equilibrium When Players are Patient," Levine's Working Paper Archive 618897000000000865, David K. Levine.
  3. Michi Kandori, 2010. "Social Norms and Community Enforcement," Levine's Working Paper Archive 630, David K. Levine.
  4. Markus Kinateder, 2008. "Repeated Games Played in a Network," Working Papers 2008.22, Fondazione Eni Enrico Mattei.
  5. Fudenberg, D. & Levine, D.K. & Maskin, E., 1989. "The Folk Theorem With Inperfect Public Information," Working papers 523, Massachusetts Institute of Technology (MIT), Department of Economics.
  6. Kandori, Michihiro, 2002. "Introduction to Repeated Games with Private Monitoring," Journal of Economic Theory, Elsevier, vol. 102(1), pages 1-15, January.
  7. Ellison, Glenn, 1994. "Cooperation in the Prisoner's Dilemma with Anonymous Random Matching," Review of Economic Studies, Wiley Blackwell, vol. 61(3), pages 567-88, July.
  8. Markus Kinateder, 2010. "The Repeated Prisoner’s Dilemma in a Network," Working Papers 2010.120, Fondazione Eni Enrico Mattei.
  9. Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May.
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