Discussion Paper, Center for Mathematical Studies in Economics and Management Science 1562
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the number of players is known. The current paper develops a general theory of Bayesian repeated large games that avoids some of these difficulties. To make the analysis more robust, it develops a concept of compressed equilibrium which is applicable to a general class of Bayesian repeated large anonymous games.
Anonymous games Nash equilibrium Repeated games Large games Bayesian equilibrium Price taking Rational expectations Anonymous games Nash equilibrium Repeated games Large games Bayesian equilibrium Price taking Rational expectations