Communication and cooperation in repeated games
We study the role of communication in repeated games with private monitoring. We first show that without communication, the set of Nash equilibrium payoffs in such games is a subset of the set of ε-coarse correlated equilibrium payoffs (ε-CCE) of the underlying one-shot game. The value of ε depends...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for Economic Theory
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |