Construction of Stationary Markov Equilibria in a Strategic Market Game

DOI10.1287/MOOR.19.4.975MaRDI QIDQ4698109zbMATH OpenOpenAlexWikidataFDO

Authors Ioannis Karatzas, Martin Shubik, William D. Sudderth

Publication date 10 October 1995

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://cowles.yale.edu/sites/default/files/files/pub/d10/d1033.pdf

zbMATH Keywords

one-agent, infinite-horizon optimizationstationary noncooperative equilibriastationary noncooperative or competitive equilibrium

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40) Stochastic games, stochastic differential games (91A15) Trade models (91B60)

Recommendations

• A strategic market game with secured lending
• A strategic market game with active bankruptcy
• Stationary Markov Equilibria
• Stationary Markov equilibria for overlapping generations
• Trade with assignats or landbank money: Equilibria in a finite-person strategic market game

Cited in

(27)

• Pure equilibria in a simple dynamic model of strategic market game
• Some dynamics of a strategic market game with a large number of agents
• Trade with assignats or landbank money: Equilibria in a finite-person strategic market game
• A strategic market game with secured lending
• Strategic market games: an introduction.
• A strategic market game with active bankruptcy
• Sufficiency of an outside bank and a default penalty to support the value of fiat money: experimental evidence
• Open and closed loop Nash equilibria in games with a continuum of players
• Endogenizing the provision of money: costs of commodity and fiat monies in relation to the value of trade
• Inflationary equilibrium in a stochastic economy with independent agents
• Randomized stopping games and Markov market games
• Common resources, optimality and taxes in dynamic games with increasing number of players
• Competitive equilibria of economies with a continuum of consumers and aggregate shocks
• scientific article; zbMATH DE number 4051296 (Why is no real title available?)
• Selecting a unique competitive equilibrium with default penalties
• \(n\)-person dynamic strategic market games
• Breaking the circular flow: a dynamic programming approach to Schumpeter
• A Mean Field Game of Optimal Stopping
• Stationary anonymous sequential games with undiscounted rewards
• An Interior-Point Differentiable Path-Following Method to Compute Stationary Equilibria in Stochastic Games
• Nonzero-sum games for continuous-time Markov chains with unbounded discounted payoffs
• Markov distributional equilibrium dynamics in games with complementarities and no aggregate risk
• Comparative advantage with many goods: new treatment and results
• Strategic market games with cyclic endowments
• 2024 Klein lecture - monies, transactions, and inflation. I
• Information sharing in supply chains from the market game perspective
• Stationarity without degeneracy in a model of commodity money

This page was built for publication: Construction of Stationary Markov Equilibria in a Strategic Market Game

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4698109)