stochastic games. We then present the following results: First, we find that the more costly and/or less beneficial it is to … useful in games that have multiple equilibria. We discuss the theory of the homotopy method and its application to dynamic …

This paper develops a theory of regular 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 that are all regular. These …

This paper provides a step-by-step guide to solving dynamic stochastic games using the homotopy method. The homotopy … examples of dynamic stochastic games that are solved using this method. …