Markovian equilibrium in a class of stochastic games: Existence theorems for discounted and undiscounted models

DOI10.1007/BF01211440zbMath0809.90140OpenAlexW1974539882MaRDI QIDQ1338078

Prajit K. Dutta, Rangarajan K. Sundaram

Publication date: 27 November 1994

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01211440

zbMATH Keywords

neoclassical growth modelproduction uncertaintydiscounted gameexistence of stationary Markov equilibria in pure strategiesfinite-state, finite-action stochastic gamesundiscounted game

Mathematics Subject Classification ID

Stochastic games, stochastic differential games (91A15)

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Cites Work

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• Asymptotic properties of a non-zero sum stochastic game
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• The joint exploitation of a productive asset: A game-theoretic approach
• Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games
• Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games
• Memoryless Strategies in Finite-Stage Dynamic Programming
• Discounted Dynamic Programming
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