Private Strategies in Finitely Repeated Games with Imperfect Public Monitoring
Private Strategies in Finitely Repeated Games with Imperfect Public Monitoring
复制标题
公共监控不完善的有限重复博弈中的私人策略
DOI:
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发表时间:
2001
期刊:
影响因子:
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通讯作者:
Tadashi Sekiguchi
中科院分区:
文献类型:
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作者:
G. Mailath;Steven A. Matthews;Tadashi Sekiguchi
Abstract We present three examples of finitely repeated games with public monitoring that have sequential equilibria in private strategies, i.e., strategies that depend on own past actions as well as public signals. Such private sequential equilibria can have features quite unlike those of the more familiar perfect public equilibria: (i) making a public signal less informative can create Pareto superior equilibrium outcomes; (ii) the equilibrium final-period action profile need not be a stage game equilibrium; and (iii) even if the stage game has a unique correlated (and hence Nash) equilibrium, the first-period action profile need not be a stage game equilibrium.
DOI:
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发表时间:
2006
期刊:
Econometrica Vol 74, No.2
影响因子:
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作者:
M. Kandori;R.Serrano;and O.V;Michihiro Kandori;M. Kandori and I. Obara
通讯作者:
M. Kandori and I. Obara