Incentive Efficiency of Correlated Equilibria with State Dependent Payoffs

01/08/1990

Incentive Efficiency of Correlated Equilibria with State Dependent Payoffs

Lahiri Somdeb

Working Papers

  • facebook
  • linkedin
  • twitter
  • whatsapp

In this paper we extend the framework of a finite game to incorporate state dependent payoffs, prove the existence of a correlated equilibrium in such a set up and obtain a characterization of all incentive efficient correlated equilibria. Finally we prove the existence of correlated equilibria for games with state dependent preferences and single experimentation by the players and indicate a characterization of all incentive efficient equilibria for such games.

IIMA