A User''s Guide to Solving Dynamic Stochastic Games Using the Homotopy Method

This paper provides a step-by-step guide to solving dynamic stochastic games using the homotopy method. The homotopy method facilitates exploring the equilibrium correspondence in a systematic fashion; it is especially useful in games that have multiple equilibria. We discuss the theory of the homotopy method and its implementation and present two detailed examples of dynamic stochastic games that are solved using this method.

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Authors:	Borkovsky, Ron N. ; Doraszelski, Ulrich ; Kryukov, Yaroslav
Institutions:	Carnegie Mellon University, Tepper School of Business

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Series:	GSIA Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2009-E23
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008500915