Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers
From MaRDI portal
Publication:2259414
DOI10.1007/s00182-014-0420-3zbMath1403.91236OpenAlexW3125699901MaRDI QIDQ2259414
Łukasz Woźny, Łukasz Balbus, Kevin L. Reffett
Publication date: 4 March 2015
Published in: International Journal of Game Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00182-014-0420-3
stochastic gamesconstructive methodstime consistencydynamic economiescomputing extremal equilibriumMarkov monotone equilibriaquasi-hyperbolic consumersSMNESPNE
Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Stochastic games, stochastic differential games (91A15) Economic dynamics (91B55)
Related Items
Non-paternalistic intergenerational altruism revisited, A strategic dynamic programming method for studying short-memory equilibria of stochastic games with uncountable number of states, Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example, Necessity of the terminal condition in the infinite horizon dynamic optimization problems with unbounded payoff, On the price of commitment assets in a general equilibrium model with credit constraints and tempted consumers, Markov perfect equilibria in a dynamic decision model with quasi-hyperbolic discounting, Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting, Markov distributional equilibrium dynamics in games with complementarities and no aggregate risk, Markov perfect equilibria in OLG models with risk sensitive agents, Thompson aggregators, Scott continuous koopmans operators, and least fixed point theory, A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism, On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty, Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy, A qualitative theory of large games with strategic complementarities, Differential information in large games with strategic complementarities
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- On the recursive saddle point method
- Time perspective and climate change policy
- Equilibrium welfare and government policy with quasi-geometric discounting
- Consistent planning under quasi-geometric discounting
- On a noncooperative stochastic game played by internally cooperating generations
- The recursive approach to time inconsistency
- Chain-complete posets and directed sets with applications
- On a new class of nonzero-sum discounted stochastic games having stationary Nash equilibrium points
- Strategic intergenerational bequests with stochastic convex production
- Dynamic inconsistency and self-control: a planner--doer interpretation.
- Complementarity and diagonal dominance in discounted stochastic games
- Consumption and risk with hyperbolic discounting
- Unique solutions for stochastic recursive utilities
- A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism
- On discounted dynamic programming with unbounded returns
- A constructive study of Markov equilibria in stochastic games with strategic complementarities
- Existence of perfect equilibria in a class of multigenerational stochastic games of capital accumulation
- Repeated games with present-biased preferences
- Discounting and altruism to future decision-makers
- On perfect equilibria in stochastic models of growth with intergenerational altruism
- A lattice-theoretical fixpoint theorem and its applications
- A characterization of complete lattices
- Costly Self-Control and Random Self-Indulgence
- Dynamic equilibria in multigeneration stochastic games
- Temptation-Driven Preferences
- Existence and Uniqueness of a Fixed Point for Local Contractions
- Existence and Characterization of Perfect Equilibrium in Games of Perfect Information
- Approximation to Optimization Problems: An Elementary Review
- The Existence of Perfect Equilibria in a Model of Growth with Altruism between Generations
- On the Existence of Markov-Consistent Plans under Production Uncertainty
- Consistent Plans
- Toward a Theory of Discounted Repeated Games with Imperfect Monitoring
- Minimizing a Submodular Function on a Lattice
- Incentives for Procrastinators
- Stationary Markov Equilibria
- Golden Eggs and Hyperbolic Discounting
- Representing Preferences with a Unique Subjective State Space
- Dynamic Choices of Hyperbolic Consumers
- Temptation and Self-Control
- The Dual Approach to Recursive Optimization: Theory and Examples
- Constrained Markov Decision Models with Weighted Discounted Rewards
- Recursive Contracts
- Self-Control and the Theory of Consumption
- Consumption-Savings Decisions with Quasi-Geometric Discounting
- On the Existence of a Consistent Course of Action when Tastes are Changing
- Markov perfect equilibrium. I: Observable actions
