Secret Correlation in Repeated Games with Imperfect Monitoring

O. Gossner, T. TOMALA

Mathematics of Operations Research

mai 2007, vol. 32, n°2, pp.413-424

Départements : Economie et Sciences de la décision, GREGHEC (CNRS)

Mots clés : Stochastic process, Min–max values, Signals, Entropy, Repeated games, Secret correlation

We characterize the maximum payoff that a team can guarantee against another in a class of repeated games with imperfect monitoring. Our result relies on the optimal tradeoff for the team between optimization of stage payoffs and generation of signals for future correlation