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Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

Abreu, Dilip, Pearce, David, Stacchetti, Ennio·1990·Econometrica

Abstract

This paper investigates pure strategy sequential equilibria of repeated games with imperfect monitoring. The approach emphasizes the equilibrium value set and the static optimization problems embedded in extremal equilibria. A succession of propositions, central among which is "self-generation, " allow properties of constrained efficient supergame equilibria to be deduced from the solutions of the static problems. The authors show that the latter include solutions having a "bang-bang" property; this affords a significant simplification of the equilibria that need be considered. These results apply to a broad class of asymmetric games, thereby generalizing their earlier work on optimal cartel equilibria. Copyright 1990 by The Econometric Society.

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Metadata

Authors
Abreu, D., Pearce, D., & Stacchetti, E.
Venue
Econometrica
Publisher
JSTOR
Published
1990-09
Volume
58
Issue
5
Pages
1041
ISSN
0012-9682 (ISSN-L)
OpenAlex
W2138757993
Cited by
1,203
References
19
FWCI
11.67
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Toward a Theory of Discounted Repeated Games with Imperfect Monitoring. https://app.cochat.ai/papers/10.2307/2938299
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Abreu, D., Pearce, D., & Stacchetti, E. (1990). Toward a Theory of Discounted Repeated Games with Imperfect Monitoring. Econometrica. https://doi.org/10.2307/2938299

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.