Learning from private information in noisy repeated games

نویسندگان

  • Drew Fudenberg
  • Yuichi Yamamoto
چکیده

We study the perfect type-contingently public ex-post equilibrium (PTXE) of repeated games where players observe imperfect public signals of the actions played, and both the payoff functions and the map from actions to signal distributions depends on an unknown state. The PTXE payoffs when players are patient are determined by the solutions to a family of linear programming problems. Using this characterization, we develop conditions under which play can be as if the players have learned the state. We provide a sufficient condition for the folk theorem, and a characterization of the PTXE payoffs in games with a known monitoring structure. Journal of Economic Literature Classification Numbers: C72, C73.

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عنوان ژورنال:
  • J. Economic Theory

دوره 146  شماره 

صفحات  -

تاریخ انتشار 2011