A User's Guide to Solving Dynamic Stochastic Games Using the Homotopy Method

This paper provides a step-by-step guide to solving dynamic stochastic games using the homotopy method. The homotopy method facilitates exploring the equilibrium correspondence in a systematic fashion; it is especially useful in games that have multiple equilibria. We discuss the theory of the homotopy method and its implementation and present two detailed examples of dynamic stochastic games that are solved using this method.

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Year of publication:	2008-03
Authors:	Borkovsky, Ron N. ; Doraszelski, Ulrich ; Kryukov, Yaroslav
Institutions:	C.E.P.R. Discussion Papers
Subject:	computation \| dynamic stochastic games \| homotopy method \| Markov-perfect equilibrium

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 6733
Classification:	C63 - Computational Techniques ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005123933