Two-player repeated games with nonobservable actions and observable payoffs

Two-player repeated games with nonobservable actions and observable payoffs

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Article ID: iaor19921440
Country: United States
Volume: 17
Issue: 1
Start Page Number: 200
End Page Number: 224
Publication Date: Feb 1992
Journal: Mathematics of Operations Research
Authors:
Abstract:

This paper studies two-person repeated games in which after each stage a player is informed about the payoff he received at the previous stage. The information can, in some cases, include more than that. Four kinds of Nash-equilibrium concepts are defined by the limit of the means. A characterization of the equilibrium-payoffs sets and several properties of these sets are given. As a specific example, the standard information case, that of the folk theorem, is provided.

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