than the stage payoff. We characterize the limit set of public perfect equilibrium payoffs as the monitoring cost tends to … particular, there might be efficient and individually rational payoffs that cannot be sustained in equilibrium. We also make an …, we show that the limit set of public perfect equilibrium payoffs coincides with the limit set of Nash equilibrium payoffs …

The notion of communication equilibrium extends Aumann's [3] correlated equilibrium concept for complete information … games to the case of incomplete information. This paper shows that this solution concept has the following property: for the … class of incomplete information games with compact metric type and action spaces and payoff functions jointly measurable and …