The Use of Information in Repeated Games with Imperfect Monitoring
The Use of Information in Repeated Games with Imperfect Monitoring
复制标题
监控不完善的重复博弈中信息的使用
DOI:
10.2307/2297865
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发表时间:
1992
期刊:
影响因子:
--
通讯作者:
Michihiro Kandori
中科院分区:
文献类型:
--
作者:
Michihiro Kandori
The present paper formalizes the idea that improved monitoring helps coordination in long term relationships. Specifically, the pure-strategy sequential equilibrium payoff set is shown to expand (in the sense of set inclusion) in repeated games with inperfect monitoring, when the quality of the signal improves in Blackwell's sense. Furthermore, the directions of the expansion are identified.