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We consider a class of stochastic games, where each state is identified with a player. At any moment during play, one of the players is called active. The active player can terminate the game, or he can announce any player, who then becomes the active player. There is a non-negative payoff for...
Persistent link: https://www.econbiz.de/10004973563
We prove the existence of a subgame-perfect ε-equilibrium, for every ε0, in a class of multi-player games with perfect information, which we call free transition games. The novelty is that a non-trivial class of perfect information games is solved for subgame-perfection, with multiple...
Persistent link: https://www.econbiz.de/10011052761
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