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Repeated Games and ReputationsLong-Run Relationships$
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George J. Mailath and Larry Samuelson

Print publication date: 2006

Print ISBN-13: 9780195300796

Published to Oxford Scholarship Online: January 2007

DOI: 10.1093/acprof:oso/9780195300796.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 February 2021

 The Basic Structure of Repeated Games with Perfect Monitoring

 The Basic Structure of Repeated Games with Perfect Monitoring

(p.15) 2 The Basic Structure of Repeated Games with Perfect Monitoring
Repeated Games and Reputations

George J. Mailath (Contributor Webpage)

Larry Samuelson (Contributor Webpage)

Oxford University Press

This chapter introduces the basic concepts of a stage game, repeated game with perfect monitoring, subgame-perfect equilibrium, and the one-shot deviation principle; introduces the use of automata to represent strategy profiles; and introduces the concepts of decomposability, enforceability, and self-generation. Readers can either proceed to the next chapter, or if particularly interested in games with public monitoring, proceed directly to Chapter 7.

Keywords:   automaton, decomposability, enforceability, perfect monitoring, repeated game, self-generation, subgame-perfect equilibrium

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