Approximate efficiency in repeated games with correlated private signals |
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Authors: | Bingyong Zheng |
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Affiliation: | aSchool of Economics, Shanghai University of Finance and Economics, 777 Guoding Road, Shanghai, China 200433 |
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Abstract: | 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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Keywords: | Repeated games Delayed communication Private monitoring Effective independence |
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