Nash equilibria of repeated games with observable payoff vectors


Games and Economic Behavior

août 1999, vol. 28, n°2, pp.310-324

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

Keywords Plus: FOLK THEOREM; INFORMATION Abstract: We study a model of repeated games with imperfect monitoring where the payoff vectors observable. In this situation, any profitable deviation is detectable by all the players but the identity of the deviator may be unknown. We design collective punishments directed against the set of potential deviators. A particular class of signals is studied for which a characterization of the set of equilibrium payoffs is obtained