Harrington, Joseph Emmett (contributor) - 2002 - [Elektronische Ressource]
dynamics.
3 Optimal Symmetric Subgame Perfect Equilibrium
The cartel’s problem is to choose an infinite price path so as to … and firms behaving according to a
Markov Perfect Equilibrium (MPE).
Suppose a firm deviates and the cartel collapses … theorem for Markov Perfect Equilibrium, even in
mixed strategies, when the state space is uncountable; see Fudenberg and …