Search Results - subject:"Dynamic stochastic games"

A theory of regular Markov perfect equilibria in dynamic stochastic games: genericity, stability, and purification

Doraszelski, Ulrich; Escobar, Juan - In: Theoretical Economics 5 (2010) 3

This paper studies generic properties of Markov perfect equilibria in dynamic stochastic games. We show that almost all … dynamic stochastic games have a finite number of locally isolated Markov perfect equilibria. These equilibria are essential … regularity for dynamic stochastic games and exploit a simple connection between normal form and dynamic stochastic games. …

Persistent link: https://www.econbiz.de/10008562484

A theory of regular Markov perfect equilibria in dynamic stochastic games : genericity, stability, and purification

Doraszelski, Ulrich; Escobar, Juan - In: Theoretical economics : TE ; an open access journal in … 5 (2010) 3, pp. 369-402

Persistent link: https://www.econbiz.de/10011695306

Endogenous network dynamics

Page, Frank H.; Wooders, Myrna H. - 2009

In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to interact, and over time both the structure (the with whom) and the strategy (the how) of interactions change. Our objectives here are to model the structure and strategy of...

Persistent link: https://www.econbiz.de/10010279644

Endogenous Network Dynamics

Page, Frank H.; Wooders, Myrna H. - Fondazione ENI Enrico Mattei (FEEM) - 2009

In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to interact, and over time both the structure (the “with whom”) and the strategy (“the how”) of interactions change. Our objectives here are to model the structure and...

Persistent link: https://www.econbiz.de/10004987229

Riskiness, Risk Aversion, and Risk Sharing: Cooperation in a Dynamic Insurance Game

Laczó, Sarolta - 2008

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It considers a dynamic game where commitment is limited, and characterizes the level of cooperation as measured by the reciprocal of the discount factor above which perfect risk...

Persistent link: https://www.econbiz.de/10010494384

Riskiness, Risk Aversion, and Risk Sharing: Cooperation in a Dynamic Insurance Game

Laczó, Sarolta - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2008

, com- parative statics, dynamic stochastic games JEL codes: C73, D80 ∗ Preliminary, comments welcome. I thank Pierre Dubois …

Persistent link: https://www.econbiz.de/10005242958

Equilibrium analysis of dynamic models of imperfect competition

Escobar, Juan F. - In: International Journal of Industrial Organization 31 (2013) 1, pp. 92-101

existence of a Markov perfect equilibrium in dynamic stochastic games. The main results imply the existence of a Markov perfect …

Persistent link: https://www.econbiz.de/10010608445

Equilibrium analysis of dynamic models of imperfect competition

Escobar, Juan F. - In: International journal of industrial organization 31 (2013) 1, pp. 92-101

Persistent link: https://www.econbiz.de/10009716332

Uncertain regulatory timing and market dynamics

Wilson, Nathan E. - In: International Journal of Industrial Organization 30 (2012) 1, pp. 102-115

Using a dynamic model of capacity accumulation, I examine the relationship between uncertainty about the timing of a new Pigouvian tax and oligopolistic competition. I find that for some market structures uncertainty about the timing of the regulatory change leads firms to increase investment....

Persistent link: https://www.econbiz.de/10010582618

Uncertain regulatory timing and market dynamics

Wilson, Nathan E. - In: International journal of industrial organization 30 (2012) 1, pp. 102-115

Persistent link: https://www.econbiz.de/10009551467