Building routines: Learning, cooperation, and the dynamics of incomplete relational contracts

S Chassang - American Economic Review, 2010 - aeaweb.org
This paper studies how agents with conflicting interests learn to cooperate when the details
of cooperation are not common knowledge. It considers a repeated game in which one …

Dynamic strategic information transmission

M Golosov, V Skreta, A Tsyvinski, A Wilson - Journal of Economic Theory, 2014 - Elsevier
This paper studies strategic information transmission in a finite horizon environment where,
each period, a privately informed expert sends a message and a decision-maker takes an …

Efficiency in games with Markovian private information

JF Escobar, J Toikka - Econometrica, 2013 - Wiley Online Library
We study repeated Bayesian games with communication and observable actions in which
the players' privately known payoffs evolve according to an irreducible Markov chain whose …

Games with incomplete information: from repetition to cheap talk and persuasion

F Forges - Annals of Economics and Statistics, 2020 - JSTOR
This essay aims at showing that repeated games with incomplete information, which were
conceived by Aumann and Maschler in the years 1960s, provide basic tools to study …

Dynamic contracting with limited commitment and the ratchet effect

D Gerardi, L Maestri - Theoretical Economics, 2020 - Wiley Online Library
We study dynamic contracting with adverse selection and limited commitment. A firm (the
principal) and a worker (the agent) interact for potentially infinitely many periods. The worker …

Repeated games with incomplete information and discounting

M Pęski - Theoretical Economics, 2014 - Wiley Online Library
We analyze discounted repeated games with incomplete information, such that the players'
payoffs depend only on their own type (known‐own payoff case). We describe an algorithm …

Progressive learning

A Acharya, J Ortner - Econometrica, 2017 - Wiley Online Library
We study a dynamic principal–agent relationship with adverse selection and limited
commitment. We show that when the relationship is subject to productivity shocks, the …

Repeated games where the payoffs and monitoring structure are unknown

D Fudenberg, Y Yamamoto - Econometrica, 2010 - Wiley Online Library
This paper studies repeated games with imperfect public monitoring where the players are
uncertain both about the payoff functions and about the relationship between the distribution …

Belief-free equilibria in games with incomplete information: Characterization and existence

J Hörner, S Lovo, T Tomala - Journal of Economic Theory, 2011 - Elsevier
We generalize the results of Hörner and Lovo (2009)[15] to N-player games with arbitrary
information structure. First, we characterize the set of belief-free equilibrium payoffs under …

A partial folk theorem for games with private learning

T Wiseman - Theoretical Economics, 2012 - Wiley Online Library
The payoff matrix of a finite stage game is realized randomly and then the stage game is
repeated infinitely. The distribution over states of the world (a state corresponds to a payoff …