重复博弈中对不完全信息的稳健性

Robustness to incomplete information in repeated games

Theoretical Economics · 2011
被引 23
人大 AABS 4

中文导读

将Kajii和Morris(1997)的稳健性框架扩展到重复博弈,用一次性稳健原则刻画动态稳健均衡,并计算囚徒困境中的均衡值,揭示稳健性对合作可持续性的影响。

Abstract

This paper extends the framework of Kajii and Morris (1997) to study the question of robustness to incomplete information in repeated games. We show that dynamically robust equilibria can be characterized using a one-shot robustness principle that extends the one-shot deviation principle. Using this result, we compute explicitly the set of dynamically robust equilibrium values in the repeated prisoners' dilemma. We show that robustness requirements have sharp intuitive implications regarding when cooperation can be sustained, what strategies are best suited to sustain cooperation, and how changes in payoffs affect the sustainability of cooperation. We also show that a folk theorem in dynamically robust equilibria holds, but requires stronger identifiability conditions than the pairwise full rank condition of Fudenberg, Levine and Maskin (1994).

动态稳健均衡不完全信息重复博弈一次性稳健原则