Abstract
Recently, there has been made a substantial progress in the analysis of repeated games with private monitoring. This progress began with introducing a new class of sequential equilibrium strategies, called belief-free equilibria, that can be analyzed using recursive techniques. The purpose of this paper is to explain the general method of constructing belief-free equilibria, and the limit (or bound) on the set of payoff vectors that can be achieved in these strategies in a way that should be easily accessible, even for those who do not pretend to be experts in repeated games.
Original language | English (US) |
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Journal | Economics Bulletin |
Volume | 3 |
Issue number | 58 |
State | Published - Nov 12 2007 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)