Working paper

Correlation in Repeated Games with Public Monitoring

Year:

2010

Published in:

SSRN
Repeated Games
Extensive form correlation
Efficiency
Imperfect public monitoring
Perfect monitoring

This paper studies extensive-form correlation in discounted infinitely repeated games with public monitoring. We propose two extensions of Fudenberg et al.'s (Econometrica 62:997--1040, 1994) notion of a perfect public equilibrium: the notion of a perfect public correlated equilibrium for games in which a correlation device sends private correlated messages to the players at the beginning of each period and the notion of a perfect public augmented equilibrium for games in which the device also publicly informs the players of the recommended action profile at the end of each period. The set of perfect public correlated equilibrium payoffs is compared to the set of subgame perfect publicly correlated equilibrium payoffs in the perfect monitoring case. It is shown that augmented correlation produces efficiency gains in the repeated partnership game by Radner et al. (Rev Econ Stud 53:59-69, 1986).

Other publications by

16 publications found

2005
Working paper

Essays On Repeated Games

Publisher: University of Michigan ProQuest Dissertations & Theses

Authors: Pavlo Prokopovych

2012
Journal article

The Single Deviation Property In Games With Discontinuous Payoffs

Publisher: Economic Theory

Authors: Pavlo Prokopovych

2017
Journal article

On Strategic Complementarities In Discontinuous Games With Totally Ordered Strategies

Publisher: Mathematical Economics

Authors: Pavlo Prokopovych, Nicholas C. Yannelis

2023
Journal article

On Monotone Pure‑Strategy Bayesian‑Nash Equilibria Of A Generalized Contest

Publisher: Games and Economic Behavior

Authors: Pavlo Prokopovych

2022
Conference proceedings

Synthesis Of A Passive Unloading Orthosis With Mechanical Feedback

Publisher: International Scientific and Technical Conference “SOURCE OF TECHNOLOGIES OF BIOMEDICAL ENGINEERING”

Authors: Pavlo Prokopovych, Sofia Kovban, Polina Verbytska, Alisa Cherkashina, Ihor Sydorenko