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Irreversible Games with Incomplete Information: The Asymptotic Value

Author

Listed:
  • Rida Laraki

    (X-DEP-ECO - Département d'Économie de l'École Polytechnique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris)

Abstract

Irreversible games are stochastic games in which once the play leaves a state it never revisits that state. This class includes absorbing games. This paper proves the existence and a characterization of the asymptotic value for any finite irreversible game with incomplete information on both sides. This result extends Mertens and Zamir 1971 for repeated games with incomplete information on both sides, and Rosenberg 2000 for absorbing games with incomplete information on one side.

Suggested Citation

  • Rida Laraki, 2010. "Irreversible Games with Incomplete Information: The Asymptotic Value," Working Papers hal-00470326, HAL.
    • Handle: RePEc:hal:wpaper:hal-00470326
    Note: View the original document on HAL open archive server: https://hal.science/hal-00470326
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