Stochastic Games, Oligopoly Theory and Competitive Resource Allocation

We define discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games is noted.

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Year of publication:	1979
Authors:	Shubik, Martin ; Sobel, Matthew J.
Institutions:	Cowles Foundation for Research in Economics, Yale University

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Pan-Tai Liu (ed.), Dynamic Optimization and Mathematical Economics, Plenum Publishing, 1980, pp. 89-104 The price is None Number 525 18 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005249261