Computing Supergame Equilibria
Kenneth Judd,
Sevin Yeltekin () and
James Conklin
Econometrica, 2003, vol. 71, issue 4, 1239-1254
Abstract:
We present a general method for computing the set of supergame equilibria in infinitely repeated games with perfect monitoring and public randomization. We present a three-stage algorithm that constructs a convex set containing the set of equilibrium values, constructs another convex set contained in the set of equilibrium values, and produces strategies that support them. We explore the properties of this algorithm by applying it to familiar games. Copyright The Econometric Society 2003.
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:emetrp:v:71:y:2003:i:4:p:1239-1254
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