Existence of SPE in discounted stochastic games: revisited and simplified
Mertens and Parthasarathy (1987) proved the existence of sub-game perfect equilibria in discounted stochastic games. Their method involved new techniques in dynamic programming, which were presented in a very general framework, with no expense spared in highlighting versatility and scope. This pap...
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| Format: | Working paper |
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University of Oxford
2015
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| _version_ | 1826283747465494528 |
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| author | Levy, Y |
| author_facet | Levy, Y |
| author_sort | Levy, Y |
| collection | OXFORD |
| description | Mertens and Parthasarathy (1987) proved the existence of sub-game perfect equilibria in discounted stochastic games. Their method involved new techniques in dynamic programming, which were presented in a very general framework, with no expense spared in highlighting versatility and scope. This paper presents the fundamentals of their technique which are necessary, as well as identifies and elaborates on the components of their method, hence giving the core of the proof in a much more concise, direct, and illuminating manner. |
| first_indexed | 2024-03-07T01:03:33Z |
| format | Working paper |
| id | oxford-uuid:8a8b75ed-baac-4d1c-8d83-4decba810079 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T01:03:33Z |
| publishDate | 2015 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:8a8b75ed-baac-4d1c-8d83-4decba8100792022-03-26T22:32:16ZExistence of SPE in discounted stochastic games: revisited and simplifiedWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:8a8b75ed-baac-4d1c-8d83-4decba810079Bulk import via SwordSymplectic ElementsUniversity of Oxford2015Levy, YMertens and Parthasarathy (1987) proved the existence of sub-game perfect equilibria in discounted stochastic games. Their method involved new techniques in dynamic programming, which were presented in a very general framework, with no expense spared in highlighting versatility and scope. This paper presents the fundamentals of their technique which are necessary, as well as identifies and elaborates on the components of their method, hence giving the core of the proof in a much more concise, direct, and illuminating manner. |
| spellingShingle | Levy, Y Existence of SPE in discounted stochastic games: revisited and simplified |
| title | Existence of SPE in discounted stochastic games: revisited and simplified |
| title_full | Existence of SPE in discounted stochastic games: revisited and simplified |
| title_fullStr | Existence of SPE in discounted stochastic games: revisited and simplified |
| title_full_unstemmed | Existence of SPE in discounted stochastic games: revisited and simplified |
| title_short | Existence of SPE in discounted stochastic games: revisited and simplified |
| title_sort | existence of spe in discounted stochastic games revisited and simplified |
| work_keys_str_mv | AT levyy existenceofspeindiscountedstochasticgamesrevisitedandsimplified |