This paper develops a theory of regular 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 that are all regular. These equilibria are essential and strongly stable. Moreover,...

This paper models an electricity market with generators and customers located on a network. Generators bid cost functions and are dispatched by a system operator that minimizes the system cost while considering network constraints. We prove the existence of equilibrium and show that transmission...