Publication:

Mediated subgame perfect equilibrium

Date

Date

Date
2026
Working Paper

Citations

Citation copied

Ewerhart, C., & Zeng, H. (2026). Mediated subgame perfect equilibrium (No. 484; Working Paper Series / Department of Economics).

Abstract

Abstract

Abstract

This paper studies mediation in infinitely repeated games with perfect monitoring. In departure from the literature, we assume that all private messages and internal records are publicly revealed at the end of each stage. We call the resulting equilibrium concept mediated subgame perfect equilibrium (MSPE). It is shown that the revelation principle holds. We introduce an effective correlated minimax value, which can be conveniently determined as the solution of a linear program, and use it to derive necessary and sufficient conditions

Metrics

Citations

Additional indexing

Creators (Authors)

Series Name

Series Name

Series Name
Working paper series / Department of Economics

Institution

Institution

Institution

Item Type

Item Type

Item Type
Working Paper

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Dewey Decimal Classifikation

JEL Classification

JEL Classification

JEL Classification
C72
C73

Keywords

Infinitely repeated games, mediation, revelation principle, perfect folk theorem, effective minimax value, correlated equilibrium, threat points

Scope

Scope

Scope
Discipline-based scholarship (basic research)

Language

Language

Language
English

Publication date

Publication date

Publication date
2026-01

Date available

Date available

Date available
2026-01-29

Number of pages

Number of pages

Number of pages
34

ISSN or e-ISSN

ISSN or e-ISSN

ISSN or e-ISSN
1664-7041

OA Status

OA Status

OA Status
Green

Free Access at

Free Access at

Free Access at
Unspecified

Metrics

Citations

Citations

Citation copied

Ewerhart, C., & Zeng, H. (2026). Mediated subgame perfect equilibrium (No. 484; Working Paper Series / Department of Economics).

Green Open Access
Loading...
Thumbnail Image

Files

Files

Files
Files available to download:1

Files

Files

Files
Files available to download:1
Loading...
Thumbnail Image