Common learning and cooperation in repeated games

T Sugaya, Y Yamamoto - Theoretical Economics, 2020 - Wiley Online Library
We study repeated games in which players learn the unknown state of the world by
observing a sequence of noisy private signals. We find that for generic signal distributions …

Individual learning and cooperation in noisy repeated games

Y Yamamoto - Review of Economic Studies, 2014 - academic.oup.com
We investigate whether two players in a long-run relationship can maintain cooperation
when the details of the underlying game are unknown. Specifically, we consider a new class …

Characterizing belief-free review-strategy equilibrium payoffs under conditional independence

Y Yamamoto - Journal of Economic Theory, 2012 - Elsevier
This paper proposes and studies a tractable subset of Nash equilibria, belief-free review-
strategy equilibria, in repeated games with private monitoring. The payoff set of this class of …

Efficiency in a repeated prisoners' dilemma with imperfect private monitoring

K Fong, Y Sannikov - 2007 - escholarship.org
We study the repeated two-player Prisoners' Dilemma with imperfect private monitoring and
no communication. Letting the discount factor go to one and holding the monitoring structure …

Unraveling in a repeated moral hazard model with multiple agents

M Chandrasekher - Theoretical Economics, 2015 - Wiley Online Library
This paper studies an infinite‐horizon repeated moral hazard problem where a single
principal employs several agents. We assume that the principal cannot observe the agents' …

Common learning and cooperation in repeated games

T Sugaya, Y Yamamoto - 2019 - papers.ssrn.com
We study repeated games in which players learn the unknown state of the world by
observing a sequence of noisy private signals. We find that for generic signal distributions …

A folk theorem for stochastic games with private almost-perfect monitoring

K Aiba - Games and Economic Behavior, 2014 - Elsevier
We prove a folk theorem for stochastic games with private, almost-perfect monitoring and
observable states when the limit set of feasible and individually rational payoffs is …

[PDF][PDF] A Folk Theorem with Virtually Enforceable Actions

A Li - Unpublished Manuscript, Stanford University, 2012 - dec.unibocconi.eu
Abstract We prove a Folk Theorem for infinitely repeated private monitoring games with
virtually enforceable actions. In these monitoring situations with scarce signals, players need …

Individual Learning and Cooperation in Noisy Repeated Games-Second Version

Y Yamamoto - 2013 - papers.ssrn.com
We investigate whether two players in a long-run relationship can maintain cooperation
when the details of the underlying game are unknown. Specifically, we consider a new class …

[图书][B] Essays on dynamic mechanism design

A Li - 2012 - search.proquest.com
This dissertation advocates dynamic mechanism design as a useful tool to tackle theoretical
challenges in microeconomics and to solve real world institutional design problems. It is …