Showing 101 - 110 of 358
We prove that every two-player non zero-sum deterministic stopping game with uniformly bounded payoffs admits an e-equilibrium, for every e0. The proof uses Ramsey Theorem that states that for every coloring of a complete infinite graph by finitely many colors there is a complete infinite...
Persistent link: https://www.econbiz.de/10005011680
We study a general model of dynamic games with purely informational externalities. We prove that eventually all motives for experimentation disappear, and provide the exact rate at which experimentation decays. We also provide tight conditions under which players eventually reach a consensus....
Persistent link: https://www.econbiz.de/10005066713
Persistent link: https://www.econbiz.de/10005159495
Persistent link: https://www.econbiz.de/10005527129
Persistent link: https://www.econbiz.de/10005413650
Persistent link: https://www.econbiz.de/10005413796
We study a model in which each of finitely many agent cares about a given subset of finitely many goods. We provide minimal conditions that ensure the existence and uniqueness of the equilibrium price vector - a price vector for which supply meets demand. Copyright Springer-Verlag...
Persistent link: https://www.econbiz.de/10005753274
Persistent link: https://www.econbiz.de/10005588204
We study stopping games in the setup of Neveu. We prove the existence of a uniform value (in a sense defined below), by allowing the players to use randomized strategies. In contrast with previous work, we make no comparison assumption on the payoff processes. Moreover, we prove that the value...
Persistent link: https://www.econbiz.de/10005588273
Persistent link: https://www.econbiz.de/10005588356