In this paper we introduce a model of multigenerational stochastic games of capital accumulation where each generation consists of m different players. The main objective is to prove the existence of a perfect stationary equilibrium in an infinite horizon game. A suitable change in the terminology u
β¦ LIBER β¦
A new proof of existence of equilibria in infinite normal form games
β Scribed by Y.H. Zhou; J. Yu; L. Wang
- Publisher
- Elsevier Science
- Year
- 2011
- Tongue
- English
- Weight
- 200 KB
- Volume
- 24
- Category
- Article
- ISSN
- 0893-9659
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## Abstract We consider the Hamiltonian system in IR^__N__^ given by where __V__ : IR^__N__^ rarr; IR is a smooth potential having a non degenerate local maximum at 0 and we assume that there is an open bounded neighborhood ft of 0 such that V(__x__) < __V__(0) for __x__ Ξ΄ Ξ© / {0}, __V(x)__ = __V