Search Results - subject:"STOCHASTIC GAMES"

Stochastic games with endogenous transitions

Joosten, Reinoud; Meijboom, Robin - 2010

We introduce a stochastic game in which transition probabilities depend on the history of the play, i.e., the players' past action choices. To solve this new type of game under the limiting average reward criterion, we determine the set of jointly-convergent pure-strategy rewards which can be...

Persistent link: https://www.econbiz.de/10010281858

Оптимизация в классе стохастических коалиционных игр

ВЛАДИМИРОВНА, ГРИГОРЬЕВА КСЕНИЯ - In: Управление большими … (2010) 3, pp. 30-50

Persistent link: https://www.econbiz.de/10011227112

Are R&D subsidies provided optimally? Evidence from a simulated agency-firm stochastic dynamic game

Cerulli, Giovanni - Istituto di Ricerca sulla Crescita Economica … - 2010

By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper firstly shows that not only the level of R&D performed by firms is underprovided (as maintained by traditional literature on the subject), but also the level of the subsidy provided by the funding (public)...

Persistent link: https://www.econbiz.de/10009200944

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 Paradox of Environmental Awareness Campaigns

Koulovatianos, Christos - Volkswirtschaftliche Fakultät, … - 2010

We build a workable game of common-property resource extraction under rational Bayesian learning about the renewal prospects of a resource. We uncover the impact of exogenously shifting the prior beliefs of each player on the response functions of others. What we find about the role of...

Persistent link: https://www.econbiz.de/10008753059

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

Heller, Yuval - Volkswirtschaftliche Fakultät, … - 2009

We prove that every undiscounted multi-player stopping game in discrete time admits an approximate correlated equilibrium. Moreover, the equilibrium has five appealing properties: (1) “Trembling-hand” perfectness - players do not use non-credible threats; (2) Normal-form correlation -...

Persistent link: https://www.econbiz.de/10005103416

Recursive Methods in Discounted Stochastic Games: An Algorithm for delta Approaching 1 and a Folk Theorem

Horner, Johannes; Sugaya, Takuo; Takahashi, Satoru; … - Cowles Foundation for Research in Economics, Yale University - 2009

for stochastic games with observable states and public (but not necessarily perfect) monitoring when the limiting set of …

Persistent link: https://www.econbiz.de/10008511592