Equilibrium analysis of dynamic models of imperfect competition
نویسندگان
چکیده
منابع مشابه
Equilibrium analysis of dynamic models of imperfect competition
Motivated by recent developments in applied dynamic analysis, this paper presents new sufficient conditions for the existence of Markov perfect equilibrium in dynamic stochastic games. The main results imply the existence of Markov perfect equilibrium provided the sets of actions are compact, the set of states is countable, the period payoff functions are upper semi continuous on the action pro...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2013
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2012.10.005