منابع مشابه
Stationary Markov Equilibria
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In this paper we develop the theory of constrained Markov games. We consider the expected average cost as well as discounted cost. We allow diierent players to have different types of costs. We present suucient conditions for the existence of stationary Nash equilibrium. Our results are based on the theory of sensitivity analysis of mathematical programs developed by Dantzig, Folkman and Shapir...
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We provide a theoretical foundation for the use of Markov strategies in repeated games with asynchronous moves. If admissible strategies must display finite (arbitrarily long) memory and each player incurs a “complexity cost” which depends on the memory length required by her strategy, then every Nash equilibrium must be in Markovian strategies. If, in addition, admissible strategies have unifo...
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Although variants of value iteration have been proposed for finding Nash or correlated equilibria in general-sum Markov games, these variants have not been shown to be effective in general. In this paper, we demonstrate by construction that existing variants of value iteration cannot find stationary equilibrium policies in arbitrary general-sum Markov games. Instead, we propose an alternative i...
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We provide a review of the types of equilibria typically found in operations management inventory papers and a discussion on when the commonly used stationary infinite-horizon (open-loop) equilibrium may be sufficient for study. We focus particularly on order-up-to and basestock equilibria in the context of inventory duopolies. We give conditions under which the stationary infinite-horizon equi...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2017
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-017-1082-8