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Persistent link: https://www.econbiz.de/10001713877
We consider a class of stochastic discounted games with increasing preferences. We first prove existence of extremal Stationary Markov Perfect Equilibria (SMPE) in pure strategies, and we characterize those equilibria as unique fixed points of well-chosen operators. We use this characterization...
Persistent link: https://www.econbiz.de/10012920779