Imperfect monitoring
WitrynaJSTOR Home Witryna4 cze 2014 · In the case of perfect monitoring we assume each SU is able to distinguish signals transmitted by a primary user (PU) from signals transmitted by an SU and …
Imperfect monitoring
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WitrynaIn a repeated partnership game with imperfect monitoring, we distinguish among the effects of (1) reducing the interest rate, (2) shortening the period over which actions are held fixed, and (3) shortening the lag with which accumulated information is reported. All three changes are equivalent in games with perfect monitoring. With imperfect ... Witryna1 gru 2024 · As monitoring becomes more imperfect, making it more costly to punish deviations that can be confounded with adverse demand shocks, the level of profit …
WitrynaWITH IMPERFECT MONITORING BY DILIP ABREU, DAVID PEARCE, AND ENNIO STACCHETTI1 This paper investigates pure strategy sequential equilibria of repeated … WitrynaRepeated Games II: Imperfect Public Monitoring Jonathan Levin May 2006 We now take up the problem of repeated games where players’ actions may not be directly observable. This is a rich class of problems, with many economic applications. Abreu, Pearce and Stacchetti (1990) and Fudenberg,
WitrynaThis efficiency theorem in the imperfect monitoring case holds under almost the same condition on the discount factor as the perfect monitoring case. It is shown that when firms encounter each other in a number of distinct markets and the degree of multimarket contact is large enough, efficiency can be approximately sustained by a subgame ... Witryna13 lis 2011 · In a perfect monitoring environment increasing the severity of the potential punishment monotonically increases both contributions and the average net payoffs of subjects. In a more realistic imperfect monitoring environment, we find a U-shaped relationship between the severity of punishment and average net payoffs. Access…
WitrynaWe do not require that monitoring be either almost perfect or almost public. Hence, the present paper can be regarded as one of the first works to pro-vide affirmative answers to the possibility of implicit collusion with discounting when monitoring is truly imperfect, truly private, and truly conditionally inde-pendent.4'5
Witryna1. "of person". wada {f.} niedoskonałość {f.} The Green Paper rightly evaluates current fisheries policy, highlighting its many imperfections. expand_more Zielona księga trafnie ocenia dotychczasowy kształt obecnej polityki rybołówstwa, wskazując na jej daleką niedoskonałość. graphing histogramWitrynaThe monitor makes an offer specifying the precision of the signals obtained and the amount to be paid in return. First, with a low monitoring cost, collusive equilibria … chirp nyc 34th streetWitryna19 paź 2024 · A central message of the paper is that if inside money and outside money are not perfect substitutes for one another, as is the case if there is sufficiently imperfect monitoring, a par redemption requirement may not be socially optimal because such a requirement effectively binds them to circulate as if they are. chirp numberWitrynaImperfect Public Monitoring with Costly Punishment: An Experimental Study by Attila Ambrus and Ben Greiner. Published in volume 102, issue 7, pages 3317-32 of … chirp obnddWitrynaWe note in passing that an essential part of our imperfect monitoring model is that the game and signalling areknownto the player. This is required in order to allow meaningful inference from the observed signals. A note about the terminology is due. graphing hyperbola pdfWitryna19 paź 2024 · A central message of the paper is that if inside money and outside money are not perfect substitutes for one another, as is the case if there is sufficiently … graphing hyperbolas calculatorWitrynaIn the two imperfect monitoring treatments, player js action ’ a j generates a signal for player i, ω i. This signal is correct and equals player j’s action a jwith probability 1 − ε, … chirp ofdm