The Value of Repeated Games with an Informed Controller

The Value of Repeated Games with an Informed Controller

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Article ID: iaor2012795
Volume: 37
Issue: 1
Start Page Number: 154
End Page Number: 179
Publication Date: Feb 2012
Journal: Mathematics of Operations Research
Authors:
Keywords: stochastic processes
Abstract:

We consider the general model of zero‐sum repeated games (or stochastic games with signals), and assume that one of the players is fully informed and controls the transitions of the state variable. We prove the existence of the uniform value, generalizing several results of the literature. A preliminary existence result is obtained for a particular class of stochastic games played with pure strategies.

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