Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10003755085
Persistent link: https://www.econbiz.de/10003405383
Persistent link: https://www.econbiz.de/10003496524
This paper establishes existence of a stationary Markov perfect equilibrium in general stochastic games with noise — a component of the state that is nonatomically distributed and not directly affected by the previous period’s state and actions. Noise may be simply a payoff irrelevant public...
Persistent link: https://www.econbiz.de/10009156477
Persistent link: https://www.econbiz.de/10009230192
Persistent link: https://www.econbiz.de/10009501861
Persistent link: https://www.econbiz.de/10011326862
Persistent link: https://www.econbiz.de/10009665477
We show that dynamic bargaining games are characterized by a continuum of stationary Markov perfect equilibria, when the set of alternatives is multidimensional and players are patient. In fact, we show that there is a continuum of equilibria close to any alternative satisfying a simple linear...
Persistent link: https://www.econbiz.de/10010504626
Persistent link: https://www.econbiz.de/10010389538