Solving Continuous-Time Markov-Perfect Nash Equilibria

We explore methods for solving continuous-time, finite-state dynamic games, and document the advantages of such models over comparable discrete-time models. In particular, continuous-time models are more flexible since they avoid lumpiness in time, and computational methods for continuous-time models avoid a curse of dimensionality that arises in discrete-time models.

MoreLess

Year of publication:	2004-08-11
Authors:	Doraszelski, Uli ; Judd, Kenneth L.
Institutions:	Society for Computational Economics - SCE
Subject:	Nash equilibrium \| dynamic games

More details

Series:	Computing in Economics and Finance 2004.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Computing in Economics and Finance 2004 Number 181
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005706541