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Anonymous Sequential Games with Aggregate Uncertainty

Author

Listed:
  • James Bergin
  • Dan Bernhardt

Abstract

This paper extends the results of Jovanovic and Rosenthal (1988) on the existence of equilibrium in anonymous sequential games. They prove existence in the case where the aggregate distribution of agents' characteristics evolves nonstochastically -- the case of "no aggregate uncertainty". We show how aggregate uncertainty can be introduced to the model and extend the Jovanovic-Rosenthal existence theorem to this case.

Suggested Citation

  • James Bergin & Dan Bernhardt, 1989. "Anonymous Sequential Games with Aggregate Uncertainty," Working Paper 760, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:760
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