Search Results - subject:"dynamic stochastic games"

Protocol invariance and the timing of decisions in dynamic games

Doraszelski, Ulrich; Escobar, Juan F. - In: Theoretical Economics 14 (2019) 2, pp. 597-646

We characterize a class of dynamic stochastic games that we call separable dynamic games with noisy transitions and … model more robust. Our class of dynamic stochastic games includes investment games, R\&D races, models of industry dynamics …

Persistent link: https://www.econbiz.de/10012215326

Protocol invariance and the timing of decisions in dynamic games

Doraszelski, Ulrich; Escobar, Juan F. - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 2, pp. 597-646

Persistent link: https://www.econbiz.de/10012022775

Endogenous correlated network dynamics

Page, Frank H.; Gong, Rui; Wooders, Myrna Holtz - 2016

Persistent link: https://www.econbiz.de/10011448771

Markovian Equilibrium in a Model of Investment Under Imperfect Competition.

Fagart, Thomas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014

This paper develops and analyzes a dynamic model of partially irreversible investment under cournot competition and stochastic evolution of demand. In this framework, I characterize the markov perfect equilibrium in which player's strategies are continuous in the state variable. There exists a...

Persistent link: https://www.econbiz.de/10010791271

Markovian Equilibrium in a Model of Investment Under Imperfect Competition

Fagart, Thomas - HAL - 2014

Persistent link: https://www.econbiz.de/10011025752

Are R&D Subsidies Provided Optimally? Evidence from a Simulated Agency-Firm Stochastic Dynamic Game

Cerulli, Giovanni - In: Journal of Artificial Societies and Social Simulation 15 (2012) 1, pp. 7-7

By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper shows that the level of the subsidy provided by a funding (public) agency, normally used to correct for firm R&D shortage, might be severely underprovided. This is due to the "externalities" generated by...

Persistent link: https://www.econbiz.de/10010586192

Avoiding the curse of dimensionality in dynamic stochastic games

Doraszelski, Ulrich; Judd, Kenneth L. - In: Quantitative economics : QE ; journal of the … 3 (2012) 1, pp. 53-93

Discrete-time stochastic games with a finite number of states have been widely applied to study the strategic interactions among forward-looking players in dynamic environments. These games suffer from a “curse of dimensionality” when the cost of computing players’ expectations over all...

Persistent link: https://www.econbiz.de/10011756461

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, pp. 369-402

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/10011599432

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

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