Truthful Equilibria in Dynamic Bayesian Games

S-Tier
Journal: Econometrica
Year: 2015
Volume: 83
Issue: 5
Pages: 1795-1848

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

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

Abstract

This paper characterizes an equilibrium payoff subset for dynamic Bayesian games as discounting vanishes. Monitoring is imperfect, transitions may depend on actions, types may be correlated, and values may be interdependent. The focus is on equilibria in which players report truthfully. The characterization generalizes that for repeated games, reducing the analysis to static Bayesian games with transfers. With independent private values, the restriction to truthful equilibria is without loss, except for the punishment level: if players withhold their information during punishment‐like phases, a folk theorem obtains.

Technical Details

RePEc Handle
repec:wly:emetrp:v:83:y:2015:i:5:p:1795-1848
Journal Field
General
Author Count
3
Added to Database
2026-01-29