The Repeated Prisoner's Dilemma with Imperfect Private Monitoring
نویسنده
چکیده
We prove that there exist equilibrium payoffs arbitrarily close to the efficient payoff in the two-player prisoner’s dilemma with low discounting under imperfect private monitoring, provided that the monitoring structure is not too uninformative, and signals satisfy a condition of positive correlation. We assume no communication, and no public randomization device.
منابع مشابه
Sequential Equilibria in the Repeated Prisoners’ Dilemma with Private Monitoring
We analyze the infinitely repeated prisoners’ dilemma with imperfect private monitoring. The efficient outome can be approximated in any prisoners’ dilemma game, while every individually rational feasible payoff can be approximated in a class of prisoner dilemma games. Our results require that monitoring be sufficiently accurate but do not require very low discounting.
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 102 شماره
صفحات -
تاریخ انتشار 2002