کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
966917 | 931122 | 2010 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Markov Perfect equilibria in repeated asynchronous choice games
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Markov Perfect equilibria in repeated asynchronous choice games Markov Perfect equilibria in repeated asynchronous choice games](/preview/png/966917.png)
چکیده انگلیسی
This paper examines the issue of multiplicity of Markov Perfect equilibria in alternating move repeated games. Such games are canonical models of environments with repeated, asynchronous choices due to inertia or replacement. Our main result is that the number of Markov Perfect equilibria is generically finite with respect to stage game payoffs. This holds despite the fact that the stochastic game representation of the alternating move repeated game is “non-generic” in the larger space of state dependent payoffs. We further obtain that the set of completely mixed Markov Perfect equilibria is generically empty with respect to stage game payoffs.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 46, Issue 6, 20 November 2010, Pages 1103–1114
Journal: Journal of Mathematical Economics - Volume 46, Issue 6, 20 November 2010, Pages 1103–1114
نویسندگان
Hans Haller, Roger Lagunoff,