Game theory question: Has anybody studied equilibria with some sort of SEQUENTIAL rationality constraint in two-player undiscounted infinitely repeated games with one-sided incomplete information and perfect monitoring?
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Nothing exactly that, but would Diamond Mortensen Pissarides search models help? Many DMP models add on features with asymmetric info, like search effort (Burdett) or tax evasion risk (Mustafa Ulus).
mar 30, 2025, 9:45 pm • 1 0 • view
Hart (1985) characterizes NE payoffs in this exact setting, and there are papers that study sequential rationality with *discounted* payoffs in this or related settings. But I'm specifically interested in sequential rationality (which could bind off-path) without discounting.
mar 30, 2025, 9:02 pm • 0 0 • view