Coordination failure in repeated games with private monitoring

A-Tier
Journal: Journal of Economic Theory
Year: 2013
Volume: 148
Issue: 5
Pages: 1891-1928

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

Players coordinate continuation play in repeated games with public monitoring. We investigate the robustness of such equilibrium behavior with respect to ex-ante small private-monitoring perturbations. We show that with full support of public signals, no perfect public equilibrium is robust if it induces a “regular” 2×2 coordination game in the continuation play. This regularity condition is violated in all belief-free equilibria. Indeed, with an individual full rank condition, every interior belief-free equilibrium is robust. We also analyze block belief-free equilibria and point out that the notion of robustness is sensitive to whether we allow for uninterpretable signals.

Technical Details

RePEc Handle
repec:eee:jetheo:v:148:y:2013:i:5:p:1891-1928
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29