All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Wojciech Olszewski
''A Simple Exposition of Belief-Free Equilibria in Repeated Games''
( 2007, Vol. 3 No.58 )
Recently, there has been made a substantial progress in the analysis of repeated games with private monitoring. This progress began with introducing a new class of sequential equilibrium strategies, called belief-free equilibria, that can be analyzed using recursive techniques. The purpose of this paper is to explain the general method of constructing belief-free equilibria, and the limit (or bound) on the set of payoff vectors that can be achieved in these strategies in a way that should be easily accessible, even for those who do not pretend to be experts in repeated games.
Manuscript Received : Nov 08 2007 Manuscript Accepted : Nov 12 2007

  This abstract has been downloaded 1812 times                The Full PDF of this paper has been downloaded 154664 times