Bergin, James(Northwestern University. Center for Mathematical Studies in Economics and Management Science, 1986-04)
For two-sided informatin infinitely repeated incomplete information games it is shown that any vector payoff can be sustained as a sequential equilibrium vector payoff if and only if there is a markov chain (with a state ...
Bergin, James(Queen’s University. Department of Economics, 1987)
This paper provides a formulation of continuous time repeated games of complete information. A substantial part of the paper is concerned with the definition of a continuous time strategy and the association of outcomes ...
This paper extends the results of Jovanovic and Rosenthal (1988) on the existence of equilibrium in anonymous sequential games. They prove existence in the case where the aggregate distribution of agents' characteristics ...
Bergin, James(Queen’s University. Department of Economics, 1989)
This paper develops a general repeated game model over arbitrary time domain (which includes continuous time behaviour). A player is committed at any point in time to history independent behaviour for a positive length of ...
When the information of an agent is represented as a sigma algebra on a probability space, iterative public announcement of an aggregate statistic on posteriors leads to convergence of each agent's posterior distribution ...
It is shown that the set of sequential equilibria of an infinitely repeated incomplete information game coincides with a family of markov chains (with a state space of player type distributions and payoffs). Corresponding ...
In this paper we consider Anonymous Sequential Games with Aggregate Uncertainty. We prove existence of equilibrium when there is a general state space representing aggregate uncertainty. when the economy is stationary and ...
This paper is concerned with the impact of unions on the investment rate in British industry. On the basis of an analysis of some 72 industries in the manufacturing sector, we find that, ceteris paribus, firms that recognize ...
The impact of internal and external variables on firm-level wages is examined using data for 436 UK firms over the period 1976-1986. The evidence indicates that both matter, as firm-level profit per employee and industrial ...
Walsh, Patrick P.(Suntory and Toyota International Centres for Economics and Related Disciplines, 1991-11)
This paper gives a general framework for analyzing a trade divergence that runs
across both the New International trade theory and the traditional analysis of export policy. The source of the trade divergence, the motive ...