Balbus, Lukasz; Dziewulski, Pawel; Reffett, Kevin L.; … - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 725-762
We present a new approach to studying equilibrium dynamics in a class of stochastic games with a continuum of players … with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary … Nash Distributional Equilibrium (MSNDE), prove its existence, and determine comparative statics of equilibrium paths and …