Approximate efficiency in repeated games with side-payments and correlated signals
نویسندگان
چکیده
منابع مشابه
Approximate Efficiency in Repeated Games with Side-payments and Correlated Signals∗
Side-payments are common in many long-term relationships. We show that when players can exchange side-payments, approximate efficiency is achievable in any repeated game with private monitoring and communication, so long as the players can observe their own payoffs and are sufficiently patient, the efficient stage-game outcome is unique, and the signal distribution has full support. Unlike exis...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2016
ISSN: 1933-6837
DOI: 10.3982/te1369