We study a class of infinite horizon, discounted stochastic games with strategic complementarities. In our class of games, we prove the existence of a Stationary Markov Nash equilibrium, as well as provide methods for constructing this least and greatest equilibrium via a successive...

We provide sufficient conditions for existence and uniqueness of a monotone, Lipschitz continuous Markov stationary Nash equilibrium and implied invariant distribution in a class of intergenerational paternalistic altruism models with stochastic production. Our methods are constructive, and...

We study a class of infinite horizon stochastic games with uncountable number of states. We first characterize the set of all (nonstationary) short-term (Markovian) equilibrium values by developing a new Abreu, Pearce, and Stacchetti (1990) type procedure operating in function spaces. This...