Conditional Markov equilibria in discounted dynamic games
Author
Abstract
Suggested Citation
DOI: 10.1007/s00186-013-0433-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Cole, Harold L. & Kocherlakota, Narayana, 2001.
"Dynamic Games with Hidden Actions and Hidden States,"
Journal of Economic Theory, Elsevier, vol. 98(1), pages 114-126, May.
- Harold L. Cole & Narayana R. Kocherlakota, 1997. "Dynamic games with hidden actions and hidden states," Working Papers 583, Federal Reserve Bank of Minneapolis.
- Harold L. Cole & Narayana R. Kocherlakota, 1998. "Dynamic games with hidden actions and hidden states," Staff Report 254, Federal Reserve Bank of Minneapolis.
- Duffie, Darrell, et al, 1994. "Stationary Markov Equilibria," Econometrica, Econometric Society, vol. 62(4), pages 745-781, July.
- Sleet, Christopher & Yeltekin, Sevin, 2007. "Recursive monetary policy games with incomplete information," Journal of Economic Dynamics and Control, Elsevier, vol. 31(5), pages 1557-1583, May.
- Doraszelski, Ulrich & Pakes, Ariel, 2007.
"A Framework for Applied Dynamic Analysis in IO,"
Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 30, pages 1887-1966,
Elsevier.
- Ariel Pakes, 2000. "A Framework for Applied Dynamic Analysis in I.O," NBER Working Papers 8024, National Bureau of Economic Research, Inc.
- Patrick Bajari & C. Lanier Benkard & Jonathan Levin, 2007.
"Estimating Dynamic Models of Imperfect Competition,"
Econometrica, Econometric Society, vol. 75(5), pages 1331-1370, September.
- Patrick Bajari & C. Lanier Benkard & Jonathan Levin, 2004. "Estimating Dynamic Models of Imperfect Competition," NBER Working Papers 10450, National Bureau of Economic Research, Inc.
- Bajari, Patrick & Benkard, C. Lanier & Levin, Jonathan, 2007. "Estimating Dynamic Models of Imperfect Competition," Research Papers 1852r1, Stanford University, Graduate School of Business.
- Jonathan Levin (Stanford University) & Pat Bajari & Lanier Benkard, 2004. "Estimating Dynamic Models of Imperfect Competition," Econometric Society 2004 North American Winter Meetings 627, Econometric Society.
- J. Levin & P. Bajari, 2004. "Estimating Dynamic Models of Imperfect Competition," 2004 Meeting Papers 579, Society for Economic Dynamics.
- Cronshaw, Mark B, 1997. "Algorithms for Finding Repeated Game Equilibria," Computational Economics, Springer;Society for Computational Economics, vol. 10(2), pages 139-168, May.
- Ashok P. Maitra & William D. Sudderth, 2007. "Subgame-Perfect Equilibria for Stochastic Games," Mathematics of Operations Research, INFORMS, vol. 32(3), pages 711-722, August.
- Ulrich Doraszelski & Mark Satterthwaite, 2010. "Computable Markov‐perfect industry dynamics," RAND Journal of Economics, RAND Corporation, vol. 41(2), pages 215-243, June.
- Michihiro Kandori, 2011.
"Weakly Belief‐Free Equilibria in Repeated Games With Private Monitoring,"
Econometrica, Econometric Society, vol. 79(3), pages 877-892, May.
- Michihiro Kandori, 2007. "Weakly Belief-Free Equilibria in Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-491, CIRJE, Faculty of Economics, University of Tokyo.
- Abreu, Dilip, 1988. "On the Theory of Infinitely Repeated Games with Discounting," Econometrica, Econometric Society, vol. 56(2), pages 383-396, March.
- Doraszelski, Ulrich & Escobar, Juan F., 2012. "Restricted feedback in long term relationships," Journal of Economic Theory, Elsevier, vol. 147(1), pages 142-161.
- Richard Ericson & Ariel Pakes, 1995. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(1), pages 53-82.
- Kenneth L. Judd & Sevin Yeltekin & James Conklin, 2003. "Computing Supergame Equilibria," Econometrica, Econometric Society, vol. 71(4), pages 1239-1254, July.
- Kimmo Berg & Mitri Kitti, 2013. "Computing Equilibria in Discounted 2 × 2 Supergames," Computational Economics, Springer;Society for Computational Economics, vol. 41(1), pages 71-88, January.
- Jeffrey C. Ely & Johannes Hörner & Wojciech Olszewski, 2005.
"Belief-Free Equilibria in Repeated Games,"
Econometrica, Econometric Society, vol. 73(2), pages 377-415, March.
- Jeffrey C. Ely & Johannes Horner & Wojciech Olszewski, 2003. "Belief-free Equilibria in Repeated Games," Levine's Working Paper Archive 666156000000000367, David K. Levine.
- Drew Fudenberg & David Levine, 2008.
"Subgame–Perfect Equilibria of Finite– and Infinite–Horizon Games,"
World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 1, pages 3-20,
World Scientific Publishing Co. Pte. Ltd..
- Fudenberg, Drew & Levine, David, 1983. "Subgame-perfect equilibria of finite- and infinite-horizon games," Journal of Economic Theory, Elsevier, vol. 31(2), pages 251-268, December.
- Drew Fudenberg & David K. Levine, 1983. "Subgame-Perfect Equilibria of Finite- and Infinite-Horizon Games," Levine's Working Paper Archive 219, David K. Levine.
- Christopher Phelan & Ennio Stacchetti, 2001.
"Sequential Equilibria in a Ramsey Tax Model,"
Econometrica, Econometric Society, vol. 69(6), pages 1491-1518, November.
- Christopher Phelan & Ennio Stacchetti, 1999. "Sequential equilibria in a Ramsey tax model," Staff Report 258, Federal Reserve Bank of Minneapolis.
- Mitri Kitti, 2011. "Conditionally Stationary Equilibria in Discounted Dynamic Games," Dynamic Games and Applications, Springer, vol. 1(4), pages 514-533, December.
- Sleet, Christopher & Yeltekin, Sevin, 2006. "Optimal taxation with endogenously incomplete debt markets," Journal of Economic Theory, Elsevier, vol. 127(1), pages 36-73, March.
- Eilon Solan, 1998. "Discounted Stochastic Games," Mathematics of Operations Research, INFORMS, vol. 23(4), pages 1010-1021, November.
- Abreu, Dilip & Pearce, David & Stacchetti, Ennio, 1986. "Optimal cartel equilibria with imperfect monitoring," Journal of Economic Theory, Elsevier, vol. 39(1), pages 251-269, June.
- Abreu, Dilip, 1986. "Extremal equilibria of oligopolistic supergames," Journal of Economic Theory, Elsevier, vol. 39(1), pages 191-225, June.
- Victor Aguirregabiria & Pedro Mira, 2007.
"Sequential Estimation of Dynamic Discrete Games,"
Econometrica, Econometric Society, vol. 75(1), pages 1-53, January.
- Victor Aguirregabiria & Pedro Mira, 2004. "Sequential Estimation of Dynamic Discrete Games," Industrial Organization 0406006, University Library of Munich, Germany.
- Víctor Aguirregabiria & Pedro Mira, 2004. "Sequential Estimation of Dynamic Discrete Games," Working Papers wp2004_0413, CEMFI.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mitri Kitti, 2013. "Subgame Perfect Equilibria in Discounted Stochastic Games," Discussion Papers 87, Aboa Centre for Economics.
- Mitri Kitti, 2018. "Subgame Perfect Equilibria in Continuous-Time Repeated Games," Discussion Papers 120, Aboa Centre for Economics.
- Mitri Kitti, 2014. "Equilibrium Payoffs for Pure Strategies in Repeated Games," Discussion Papers 98, Aboa Centre for Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kimmo Berg, 2016. "Elementary Subpaths in Discounted Stochastic Games," Dynamic Games and Applications, Springer, vol. 6(3), pages 304-323, September.
- Mitri Kitti, 2013. "Subgame Perfect Equilibria in Discounted Stochastic Games," Discussion Papers 87, Aboa Centre for Economics.
- Kimmo Berg & Gijs Schoenmakers, 2017. "Construction of Subgame-Perfect Mixed-Strategy Equilibria in Repeated Games," Games, MDPI, vol. 8(4), pages 1-14, November.
- Kimmo Berg & Mitri Kitti, 2014. "Equilibrium Paths in Discounted Supergames," Discussion Papers 96, Aboa Centre for Economics.
- Doraszelski, Ulrich & Escobar, Juan F., 2012. "Restricted feedback in long term relationships," Journal of Economic Theory, Elsevier, vol. 147(1), pages 142-161.
- C. Lanier Benkard & Przemyslaw Jeziorski & Gabriel Y. Weintraub, 2013. "Oblivious Equilibrium for Concentrated Industries," NBER Working Papers 19307, National Bureau of Economic Research, Inc.
- Kimmo Berg & Markus Kärki, 2018. "Critical Discount Factor Values in Discounted Supergames," Games, MDPI, vol. 9(3), pages 1-17, July.
- Kimmo Berg & Mitri Kitti, 2013. "Computing Equilibria in Discounted 2 × 2 Supergames," Computational Economics, Springer;Society for Computational Economics, vol. 41(1), pages 71-88, January.
- Jenkins, Mark & Liu, Paul & Matzkin, Rosa L. & McFadden, Daniel L., 2021. "The browser war — Analysis of Markov Perfect Equilibrium in markets with dynamic demand effects," Journal of Econometrics, Elsevier, vol. 222(1), pages 244-260.
- Gaynor, Martin & Town, Robert J., 2011.
"Competition in Health Care Markets,"
Handbook of Health Economics, in: Mark V. Pauly & Thomas G. Mcguire & Pedro P. Barros (ed.), Handbook of Health Economics, volume 2, chapter 0, pages 499-637,
Elsevier.
- Martin Gaynor & Robert J. Town, 2011. "Competition in Health Care Markets," NBER Working Papers 17208, National Bureau of Economic Research, Inc.
- Martin Gaynor & Robert J Town, 2012. "Competition in Health Care Markets," The Centre for Market and Public Organisation 12/282, The Centre for Market and Public Organisation, University of Bristol, UK.
- Linli Xu & Jorge M. Silva-Risso & Kenneth C. Wilbur, 2018. "Dynamic Quality Ladder Model Predictions in Nonrandom Holdout Samples," Management Science, INFORMS, vol. 64(7), pages 3187-3207, July.
- Macieira, João, 2015. "Introducing consumer heterogeneity in dynamic games with multi-product firms and differentiated product demand," Economics Letters, Elsevier, vol. 129(C), pages 62-65.
- Kimmo Berg, 2017. "Extremal Pure Strategies and Monotonicity in Repeated Games," Computational Economics, Springer;Society for Computational Economics, vol. 49(3), pages 387-404, March.
- Otsu, Taisuke & Pesendorfer, Martin & Takahashi, Yuya, 2013.
"Testing for Equilibrium Multiplicity in Dynamic Markov Games,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
423, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Otsu, Taisuke & Pesendorfer, Martin & Takahashi, Yuya, 2013. "Testing for equilibrium multiplicity in dynamic Markov games," LSE Research Online Documents on Economics 101968, London School of Economics and Political Science, LSE Library.
- Pesendorfer, Martin & Takahashi, Yuya & Otsu, Taisuke, 2014. "Testing Equilibrium Multiplicity in Dynamic Games," CEPR Discussion Papers 10111, C.E.P.R. Discussion Papers.
- Aguirregabiria, Victor & Ho, Chun-Yu, 2012.
"A dynamic oligopoly game of the US airline industry: Estimation and policy experiments,"
Journal of Econometrics, Elsevier, vol. 168(1), pages 156-173.
- Victor Aguirregabiria & Chun-Yu Ho, 2008. "A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments," Working Papers tecipa-337, University of Toronto, Department of Economics.
- Aguirregabiria, Victor & Ho, Chun-Yu, 2009. "A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments," MPRA Paper 16739, University Library of Munich, Germany.
- Arpad Abraham & Nicola Pavoni, 2008.
"Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 781-803, October.
- Arpad Abraham & Nicola Pavoni, 2008. "Code for "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation"," Computer Codes 06-26, Review of Economic Dynamics.
- Maican, Florin G., 2012. "From Boom to Bust and Back Again: A dynamic analysis of IT services," Working Papers in Economics 543, University of Gothenburg, Department of Economics.
- Yongyang Cai & Yongyang Cai & Kenneth L. Judd, 2017.
"Computing Equilibria of Dynamic Games,"
Operations Research, INFORMS, vol. 65(2), pages 337-356, April.
- Kenneth Judd & Sevin Yeltekin, "undated". "Computing Equilibria of Dynamic Games," GSIA Working Papers 2011-E20, Carnegie Mellon University, Tepper School of Business.
- Gary Gorton & Ping He, 2023.
"Optimal monetary policy in a collateralized economy,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 55-89, January.
- Gary Gorton & Ping He, 2016. "Optimal Monetary Policy in a Collateralized Economy," NBER Working Papers 22599, National Bureau of Economic Research, Inc.
More about this item
Keywords
Dynamic game; Subgame perfect equilibrium; Markov policy; Discounting; Perfect monitoring;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mathme:v:78:y:2013:i:1:p:77-100. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.