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Stochastic games model repeated play with symmetric information. We analyze their value in the zero-sum case, and approach the study of their equilibria in the non-zero-sum case.
Persistent link: https://www.econbiz.de/10005461612
Selected applications of the NTU Shapley value to settings other than that of general equilibrium in perfect competition. Three models are considered: Taxation and Redistribution, Public Goods, and Fixed Prices. In each case, the value leads to significant conceptual insights which, while...
Persistent link: https://www.econbiz.de/10005461625