Wiseman, Thomas; Peski, Marcin - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 1, pp. 131-173
We characterize perfect public equilibrium payoffs in dynamic stochastic games, in the case where the length of the period shrinks, but players' rate of time discounting and the transition rate between states remain fixed. We present a meaningful definition of the feasible and individually...