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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 successive...
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We provide sufficient conditions for existence and uniqueness of a monotone, Lipschitz continuous Markov stationary Nash equilibrium and implied invariant distribution in a class of intergenerational paternalistic altruism models with stochastic production. Our methods are constructive, and...
Persistent link: https://www.econbiz.de/10014182618