Gossner, Olivier
Tomala, Tristan
We characterize the min max values of a class of repeated games with imperfect monitoring. Our result relies on the optimal trade-off for the team formed by punishing players between optimization of stage-payoffs and generation of signals for future correlation. Amounts of correlation are measured through the entropy function. Our theorem on min max values stems from a more general characterization of optimal strategies for a class of optimization problems.
Bibliographic reference |
Gossner, Olivier ; Tomala, Tristan. Entropy and codification in repeated games with imperfect monitoring. ECON Discussion Papers ; 2003/31 (2003) |
Permanent URL |
http://hdl.handle.net/2078.1/4913 |