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This chapter presents developments in the theory of stochastic games that have taken place in recent years. It complements the contribution by Mertens. Major emphasis is put on stochastic games with finite state and action sets. In the zero-sum case, a classical result of Mertens and Neyman...
Persistent link: https://www.econbiz.de/10014024497
We study stochastic games with incomplete information on one side, where the transition is controlled by one of the players. <p> We prove that if the informed player also controls the transition, the game has a value, whereas if the uninformed player controls the transition, the max-min value, as...</p>
Persistent link: https://www.econbiz.de/10005011510
We study zero-sum stochastic games in which players do not observe the actions of the opponent. Rather, they observe a stochastic signal that may depend on the state, and on the pair of actions chosen by the players. We assume each player observes the state and his own action. <p> We propose a...</p>
Persistent link: https://www.econbiz.de/10005011607
We survey recent results on the existence of the value in zero-sum stopping games with discrete and continuous time, and on the existence of e-equilibria in non zero-sum games with discrete time.
Persistent link: https://www.econbiz.de/10005011677
We prove the existence of the maxmin of zero-sum recursive games with one sided information.
Persistent link: https://www.econbiz.de/10010706571