Showing 1 - 7 of 7
We introduce asymptotic analysis of stochastic games with short-stage duration. The play of stage k, k≥0, of a stochastic game Γ <Subscript> δ </Subscript> with stage duration δ is interpreted as the play in time kδ≤t(k+1)δ and, therefore, the average payoff of the n-stage play per unit of time is the sum of...</subscript>
Persistent link: https://www.econbiz.de/10011001880
We extend the notion of Evolutionarily Stable Strategies introduced by Maynard Smith and Price (Nature 246:15–18, <CitationRef CitationID="CR6">1973</CitationRef>) for models ruled by a single fitness matrix A, to the framework of stochastic games developed by Lloyd Shapley (Proc. Natl. Acad. Sci. USA 39:1095–1100, <CitationRef CitationID="CR13">1953</CitationRef>) where, at...</citationref></citationref>
Persistent link: https://www.econbiz.de/10011001889
Consider a two-person, zero-sum stochastic game with Borel state space S, finite action sets A,B, and Borel measurable law of motion q. Suppose the payoff is a bounded function f of the infinite history of states and actions that is measurable for the product of the Borel σ-field for S and...
Persistent link: https://www.econbiz.de/10011001894
We study a class of discounted, infinite horizon stochastic games with public and private signals and strategic complementarities. Using monotone operators defined on the function space of values and strategies (equipped with a product order), we prove existence of a stationary Markov–Nash...
Persistent link: https://www.econbiz.de/10011001900
The global Internet has enabled a massive access of internauts to content. At the same time, it allowed individuals to use the Internet in order to distribute content. When individuals pass through a content provider to distribute contents, they can benefit from many tools that the content...
Persistent link: https://www.econbiz.de/10010680808
We consider two-person zero-sum mean payoff undiscounted stochastic games and obtain sufficient conditions for the existence of a saddle point in uniformly optimal stationary strategies. Namely, these conditions enable us to bring the game, by applying potential transformations, to a canonical...
Persistent link: https://www.econbiz.de/10010680809
We build a workable game of common-property resource extraction under rational Bayesian learning about the reproduction prospects of a resource. We focus on Markov-perfect strategies under truthful revelation of beliefs. For reasonable initial conditions, exogenously shifting the prior beliefs...
Persistent link: https://www.econbiz.de/10011241586