Approximate efficiency in repeated games with correlated private signals

This paper presents repeated games with hidden moves, in which players receive imperfect private signals and are able to communicate. We propose a conditional probability approach to solve the learning problem in repeated games with correlated private signals and delayed communication. We then apply this approach to symmetric n-player games to obtain an approximate efficiency result.

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Year of publication:	2008
Authors:	Zheng, Bingyong
Published in:	Games and Economic Behavior. - Elsevier, ISSN 0899-8256. - Vol. 63.2008, 1, p. 406-416
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005409046