Repeated Partnership Games with Imperfect Monitoring and No Discounting

S-Tier
Journal: Review of Economic Studies
Year: 1986
Volume: 53
Issue: 1
Pages: 43-57

Authors (1)

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a partnership game, each player's utility depends on the other players' actions through a commonly observed consequence (e.g. output, profit, price), which is itself a function of the players' actions and an exogenous stochastic environment. If a partnership game is repeated infinitely, and each player's payoff in the infinite game (supergame) is the long-run average of his expected one-period utilities, then efficient combinations of one-period actions can be sustained as Nash equilibria of the supergame even if the players cannot observe other players' actions or information, but can only observe the resulting consequences.

Technical Details

RePEc Handle
repec:oup:restud:v:53:y:1986:i:1:p:43-57.
Journal Field
General
Author Count
1
Added to Database
2026-01-29