Balbus, Łukasz; Reffett, Kevin; Woźny, Łukasz - In: Journal of Economic Theory 150 (2014) C, pp. 815-840
We study a class of infinite horizon, discounted stochastic games with strategic complementarities. In our class of games, we prove the existence of a stationary Markov Nash equilibrium, as well as provide methods for constructing this least and greatest equilibrium via a simple successive...