Cooperative equilibria in discounted stochastic sequential games (Q1823883)

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Cooperative equilibria in discounted stochastic sequential games
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    Cooperative equilibria in discounted stochastic sequential games (English)
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    1990
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    This paper addresses the problem of computation of cooperative equilibria in discounted stochastic sequential games. The proposed approach contains as a special case the method of \textit{E. J. Green} and \textit{R. H. Porter} [Econometrica 52, 87-100 (1984; Zbl 0526.90013)] (developed originally for repeated oligopoly games), but it is more general than the latter in the sense that it generates nontrivial equilibrium solutions for a much larger class of dynamic games. This fact is demonstrated on two examples, one concerned with duopolistic economics and the other with fishery management.
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    games with unobservable actions
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    computation of cooperative equilibria
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    discounted stochastic sequential games
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    dynamic games
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    duopolistic economics
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    fishery management
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