Keller, Godfrey; Rady, Sven - 2009 - This version: April 8, 2009
according to a Poisson process. Its intensity is either high or low, and unknown to the players. We consider Markov perfect … is either high or low, and unknown to the players. We consider Markov
perfect equilibria with beliefs as the state …, Piecewise Deterministic Process, Markov Perfect Equilib-
rium, Differential-Difference Equation.
JEL Classification Numbers: C73 …