TY - JOUR
T1 - Large nonanonymous repeated games
AU - Al-Najjar, Nabil I.
AU - Smorodinsky, Rann
PY - 2001
Y1 - 2001
N2 - E. J. Green (1980, J. Econ. Theory 22, 155-182) and H. Sabourian (1990, J. Econ. Theory 51, 92-110) studied repeated games where a player's payoff depends on his actions and an anonymous aggregate outcome, and show that long-run players behave myopically in any equilibrium of such games. In this paper we extend these results to games where the aggregate outcome is not necessarily an anonymous function of players' actions, and where players' strategies may depend nonanonymously on signals of other players' behavior. Our argument also provides a conceptually simpler proof of Green and Sabourian's results, showing how their analysis is driven by general bounds on the number of pivotal players in a game.
AB - E. J. Green (1980, J. Econ. Theory 22, 155-182) and H. Sabourian (1990, J. Econ. Theory 51, 92-110) studied repeated games where a player's payoff depends on his actions and an anonymous aggregate outcome, and show that long-run players behave myopically in any equilibrium of such games. In this paper we extend these results to games where the aggregate outcome is not necessarily an anonymous function of players' actions, and where players' strategies may depend nonanonymously on signals of other players' behavior. Our argument also provides a conceptually simpler proof of Green and Sabourian's results, showing how their analysis is driven by general bounds on the number of pivotal players in a game.
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U2 - 10.1006/game.2000.0826
DO - 10.1006/game.2000.0826
M3 - Article
AN - SCOPUS:0035189765
SN - 0899-8256
VL - 37
SP - 26
EP - 39
JO - Games and Economic Behavior
JF - Games and Economic Behavior
IS - 1
ER -