Showing 21 - 30 of 49,411
Persistent link: https://www.econbiz.de/10001655824
Persistent link: https://www.econbiz.de/10001409625
Persistent link: https://www.econbiz.de/10012033740
Persistent link: https://www.econbiz.de/10011811836
We present an algorithm to compute the set of perfect public equilibrium payoffs as the discount factor tends to one for stochastic games with observable states and public (but not necessarily perfect) monitoring when the limiting set of (long-run players') equilibrium payoffs is independent of...
Persistent link: https://www.econbiz.de/10014045865
In an irreducible stochastic game, no single player can prevent the stochastic process on states from being irreducible, so the other players can ensure that the current state has little effect on events in the distant future. This paper introduces stochastic games with imperfect public signals,...
Persistent link: https://www.econbiz.de/10014189264
We present an algorithm to compute the set of perfect public equilibrium payoffs as the discount factor tends to one for stochastic games with observable states and public (but not necessarily perfect) monitoring when the limiting set of (long-run players') equilibrium payoffs is independent of...
Persistent link: https://www.econbiz.de/10013094032
Persistent link: https://www.econbiz.de/10011392660
Persistent link: https://www.econbiz.de/10011417038
Many water allocation agreements in transboundary river basins are inherently unstable. Due to stochastic river flow, agreements may be broken in case of drought. The objective of this paper is to analyze whether water allocation agreements can be self-enforcing, or sustainable. We do so using...
Persistent link: https://www.econbiz.de/10010224772