Existence of nontrivial equilibria in repeated games with imperfect private monitoring

https://doi.org/10.1016/S0899-8256(02)00008-8Get rights and content

Abstract

We consider finitely repeated games with imperfect private monitoring, and provide several sufficient conditions for such a game to have an equilibrium whose outcome is different from repetition of Nash equilibria of the stage game. Surprisingly, the conditions are consistent with uniqueness of the stage game equilibrium. A class of repeated chicken is shown to satisfy the condition.

References (16)

There are more references available in the full text version of this article.

Cited by (5)

  • Maintaining privacy in cartels

    2018, Journal of Political Economy
View full text