Secret Correlation in Repeated Games with Imperfect Monitoring

We characterize the maximum payoff that a team can guarantee against another in a class of repeated games with imperfect monitoring. Our result relies on the optimal trade-off for the team between optimization of stage-payoffs and generation of signals for future correlation. JEL classification: C72, D82 Date: 11th May 2004. 1 

• Type: Journal
• Year: 2007
• Where: MOR
• Authors: Olivier Gossner, Tristan Tomala
• Keywords: Imperfect Monitoring, Maximum Payoff, MOR 2007, Optimal Trade-off