Delayed Perfect Monitoring in Repeated Games

Markus Kinateder

MPRA Paper from University Library of Munich, Germany

Abstract: Delayed perfect monitoring in an in�nitely repeated discounted game is studied. A player perfectly observes any other player's action choice with a fixed, but finite delay. The observational delays between different pairs of players are heterogeneous and asymmetric. The Folk Theorem extends to this setup, although for a range of discount factors strictly below 1, the set of belief-free equilibria is reduced under certain conditions. This model applies to any situation in which there is a heterogeneous delay between information generation and the players-reaction to it.

Keywords: Repeated Game; Delayed Perfect Monitoring; Folk Theorem (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-cdm and nep-gth
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Related works:
Journal Article: Delayed perfect monitoring in repeated games (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20443

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