Finite State Equilibria in Dynamic Games
An equilibrium in an infinite horizon game is called a finite state equilibrium, if each player's action on the equilibrium path is given by an automaton with a finite state space. We provide a complete characterization of this class of equilibria and provide a recursive computational method to check the equilibrium conditions. This encompasses the majority of existing works on repeated games with private monitoring.
|Date of creation:||2007|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
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- Piccione, Michele, 2002. "The Repeated Prisoner's Dilemma with Imperfect Private Monitoring," Journal of Economic Theory, Elsevier, vol. 102(1), pages 70-83, January.
- Bhaskar, V. & Obara, Ichiro, 2002.
"Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring,"
Journal of Economic Theory,
Elsevier, vol. 102(1), pages 40-69, January.
- V. Bhaskar & Ichiro Obara, 2000. "Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring," Econometric Society World Congress 2000 Contributed Papers 1330, Econometric Society.
- V. Bhaskar & Ichiro Obara, "undated". "Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring," Penn CARESS Working Papers d93eb6f40c65728f9e1a7b114, Penn Economics Department.
- Hitoshi Matsushima, 2003.
"Repeated Games with Private Monitoring: Two Players,"
CIRJE-F-242, CIRJE, Faculty of Economics, University of Tokyo.
- Hitoshi Matsushima, 2004. "Repeated Games with Private Monitoring: Two Players," Econometrica, Econometric Society, vol. 72(3), pages 823-852, 05.
- Jeffrey C. Ely & Johannes Horner & Wojciech Olszewski, 2003.
"Belief-free Equilibria in Repeated Games,"
Levine's Working Paper Archive
666156000000000367, David K. Levine.
- Christopher Phelan & Andrzej Skrzypacz, 2007.
"Private Monitoring with Infinite Histories,"
NajEcon Working Paper Reviews
- Jeffrey C. Ely & Juuso Valimaki, 1999.
"A Robust Folk Theorem for the Prisoner's Dilemma,"
1264, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jeffrey Ely, 2000. "A Robust Folk Theorem for the Prisoners' Dilemma," Econometric Society World Congress 2000 Contributed Papers 0210, Econometric Society.
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