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In this paper we further explore the properties and computational methods of intergenerational equilibrium solutions for a class of multi-generation stochastic games that are inspired by the intergenerational equity issues typically found in cost-benefit analysis for climate change policies. We...
Persistent link: https://www.econbiz.de/10005050949
A two-person general-sum repeated game with vanishing actions is an infinitely repeated game where the players face the following restrictions. Each action must be used by player k ∈ {1,2} at least once in every rk ∈ ℕ consecutive stages, otherwise the action vanishes for the remaining...
Persistent link: https://www.econbiz.de/10005081036