Madame du Barry : (Anecdotes de Pidansat, Mémoires de Favrolle) / Introduction et notes de Maurice Vitrac et Arnould Galopin

Collection : Nouvelle collection de mémoires historiques

Catalogue des mémoires relatifs à l'histoire de France publiés pendant le 18e siècle / avec avant-propos et notes par M. F. Barrière

Collection : Bibliothèque des mémoires relatifs à l'histoire de France pendant le 18e siècle

The Limits of Discrete Time Repeated Games:Some Notes and Comments

This paper studies the limits of discrete time repeated games with public monitoring. We solve and characterize the Abreu, Milgrom and Pearce (1991) problem. We found that for the "bad" ("good") news model the lower (higher) magnitude events suggest cooperation, i.e., zero punishment probability, while the highrt (lower) magnitude events suggest defection, i.e., punishment with probability one. Public correlation is used to connect these two sets of signals and to make the enforceability to bind. The dynamic and limit behavior of the punishment probabilities for variations in ... (the discount rate) and ... (the time interval) are characterized, as well as the limit payo¤s for all these scenarios (We also introduce uncertainty in the time domain). The obtained ... limits are to the best of my knowledge, new. The obtained ... limits coincide with Fudenberg and Levine (2007) and Fudenberg and Olszewski (2011), with the exception that we clearly state the precise informational conditions that cause the limit to converge from above, to converge from below or to degenerate. JEL: C73, D82, D86. KEYWORDS: Repeated Games, Frequent Monitoring, Random Pub- lic Monitoring, Moral Hazard, Stochastic Processes.

Oeuvres complètes de Montesquieu / avec des notes de Dupin, Crevier, Voltaire, Mably, Servan, La Harpe, etc. ... [et une Notice sur la vie de Montesquieu, par C.-A. Walckenaër ; Publié par L. Parelle]

Comprend : Notice sur la vie de Montesquieu...