Haller, Hans; Lagunoff, Roger - In: Journal of Mathematical Economics 46 (2010) 6, pp. 1103-1114
This paper examines the issue of multiplicity of Markov Perfect equilibria in alternating move repeated games. Such games are canonical models of environments with repeated, asynchronous choices due to inertia or replacement. Our main result is that the number of Markov Perfect equilibria is...