Bounding payoffs in repeated games with private monitoring: n-player games

A-Tier
Journal: Journal of Economic Theory
Year: 2018
Volume: 175
Issue: C
Pages: 58-87

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

We provide a simple upper bound on the Nash equilibrium payoff set at a fixed discount factor in repeated games with imperfect private monitoring. The bound admits a tractable recursive characterization and can thus be applied “off-the-shelf” to any repeated game. The bound is not tight in general, but it is tight if the stage game is “concave” or if a certain form of observable mixed actions is allowed. We illustrate our results with applications to the repeated prisoners' dilemma and to canonical public goods and oligopoly games.

Technical Details

RePEc Handle
repec:eee:jetheo:v:175:y:2018:i:c:p:58-87
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29