Anonymous Sequential Games with Aggregate Uncertainty.

This paper extends the results of Jovanovic and Rosenthal (1988) on the existence of equilibrium in anonymous sequential games. They prove existence in the case where the aggregate distribution of agents' characteristics evolves nonstochastically -- the case of "no aggregate uncertainty". We show how aggregate uncertainty can be introduced to the model and extend the Jovanovic-Rosenthal existence theorem to this case.

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Year of publication:	1989
Authors:	Bergin, James ; Bernhardt, Dan
Institutions:	Economics Department, Queen's University
Subject:	game theory \| uncertainty \| stochastic processes

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	21 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005688499