An algorithm for two-player repeated games with imperfect public monitoring

Jasmina Karabegovic ()
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Jasmina Karabegovic: University of Graz, Austria

No 2024-15, Graz Economics Papers from University of Graz, Department of Economics

Abstract: This paper introduces an explicit algorithm for computing perfect public equilibrium (PPE) payoffs in repeated games with imperfect public monitoring, public randomization, and discounting. The method adapts the established framework by Abreu, Pearce, and Stacchetti (1990) into a practical tool that balances theoretical accuracy with computational efficiency. The algorithm simplifies the complex task of identifying PPE payoff sets for any given discount factor. A stand-alone implementation of the algorithm can be accessed on GitHub (https://github.com/jasmina-karabegovic/IRGames).

Keywords: Repeated games; imperfect public monitoring; computation. (search for similar items in EconPapers)
JEL-codes: C63 C72 C73 (search for similar items in EconPapers)
Date: 2024-09
New Economics Papers: this item is included in nep-gth and nep-mic
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