Infinitely repeated games with public monitoring and monetary transfers

Susanne Goldlücke and Sebastian Kranz

Journal of Economic Theory, 2012, vol. 147, issue 3, 1191-1221

Abstract: This paper studies infinitely repeated games with imperfect public monitoring and the possibility of monetary transfers. It is shown that all public perfect equilibrium payoffs can be implemented with a simple class of stationary equilibria that use stick-and-carrot punishments. A fast algorithm is developed that exactly computes the set of pure strategies equilibrium payoffs for all discount factors.

Keywords: Repeated games; Computational methods; Monetary transfers; Imperfect public monitoring (search for similar items in EconPapers)
JEL-codes: C73 D82 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:147:y:2012:i:3:p:1191-1221

DOI: 10.1016/j.jet.2012.01.008

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