Existence of Pure and Behavior Strategy Stationary Markov Equilibrium in Dynamic Stochastic Games

作者: Juan F. Escobar

DOI:

关键词: Symmetric equilibriumStrategyEpsilon-equilibriumSequential equilibriumEquilibrium selectionMathematicsMathematical economicsCorrelated equilibriumStochastic gameMarkov perfect equilibrium

摘要: This paper demonstrates the existence of pure strategy stationary Markov equilibrium in a class dynamic stochastic games. Our main result implies behavior any games which sets actions are compact, set states is countable, period payoff function to player depends U.S.C.-L.S.C. on actions, and transition continuously actions. Additionally, if for each static best reply convex, then can be taken equilibrium. method proof simple highlights similarities between models. Several applications corollaries presented.

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