Ergodic Equilibria in Stochastic Sequential Games.
This paper characterizes, and provides existence conditions for, geometrically ergodic and stationary Markov equilibria in a type of stochastic sequential game where players have two available actions, increasing or (weakly) decreasing the integer state. For example, offering goods for sale at a mar...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Oxford-Man Institute of Quantitative Finance
2009
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