WEAKLY BELIEF-FREE EQUILIBRIA IN REPEATED GAMES WITH PRIVATE MONITORING.

Repeated games with imperfect private monitoring have a wide range of applications, but a complete characterization of all equilibria in this class of games has yet to be obtained. The existing literature has identified a relatively tractable subset of equilibria. The present paper introduces the notion of weakly belief-free equilibria for repeated games with imperfect private monitoring. This is a tractable class which subsumes, as a special case, a major part of the existing literature (the belief-free equilibria). It is shown that this class can outperform the equilibria identified by the previous work. [ABSTRACT FROM AUTHOR]