Ergodic equilibria in stochastic sequential games

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...

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Những tác giả chính: Large, J, Norman, T
Định dạng: Working paper
Được phát hành: University of Oxford 2008

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