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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