Ergodic equilibria in stochastic sequential games

Ergodic equilibria in stochastic sequential games

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Many dynamic economic situations, including certain markets, can be fruitfully modeled as binary-action stochastic sequential games. Such games have a state variable, which in the case of a market might be the inventory of the good waiting for sale. Conditional on the state, players choose in sequ...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron:	Large, J, Norman, T
Fformat:	Working paper
Cyhoeddwyd:	University of Oxford 2008

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