Identification of payoffs in repeated games

Byung Soo Lee and Colin Stewart

Games and Economic Behavior, 2016, vol. 99, issue C, 82-88

Abstract: In one-shot games, an analyst who knows the best response correspondence can only make limited inferences about the players' payoffs. In repeated games with full monitoring, this is not true: we show that, under a weak condition, if the game is repeated sufficiently many times and players are sufficiently patient, the best response correspondence completely determines the payoffs (up to positive affine transformations).

Keywords: Payoff identification; Best-response equivalence; Repeated games (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:99:y:2016:i:c:p:82-88

DOI: 10.1016/j.geb.2016.07.004

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