Markov Stationary Equilibria in Stochastic Supermodular Games with Imperfect Private and Public Information

We study a class of discounted, infinite horizon stochastic games with public and private signals and strategic complementarities. Using monotone operators defined on the function space of values and strategies (equipped with a product order), we prove existence of a Stationary Markov Nash Equilibrium via constructive methods. In addition, we provide monotone comparative statics results for ordered perturbations of our space of stochastic games. We present examples from industrial organization literature and discuss possible extensions of our techniques for studying principal-agent models

MoreLess

Year of publication:	2012
Authors:	Balbus, Lukasz
Other Persons:	Reffett, Kevin L. (contributor) ; Wozny, Lukasz Patryk (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Spieltheorie \| Game theory \| Markov-Kette \| Markov chain \| Gleichgewichtstheorie \| Equilibrium theory \| Stochastischer Prozess \| Stochastic process \| Unvollkommene Information \| Incomplete information

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10013108418