Seminar
Communication equilibria in repeated games of imperfect private monitoring
Economics
Speaker: | Masaki Aoyagi, University College, London |
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Date: | Sunday 21 January 2001 |
Time: | 16:15 |
Location: | Room 106 Streatam Court |
Further details
This paper studies repeated games with imperfect private monitoring when there exists a third-party mediator who coordinates play by giving non-binding instructions to players on which action to take and by collecting their private information. The paper presents a Nash-threat folk theorem for a communication equilibrium based on such mediation when monitoring is jointly epsilon-perfect in the sense that every player is almost perfectly monitored collectively by a subset of other players.