On the computation of equilibria in discounted stochastic dynamic games
✍ Scribed by Michèle Breton; Alain Haurie; Jerzy A. Filar
- Publisher
- Elsevier Science
- Year
- 1986
- Tongue
- English
- Weight
- 178 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
Stochastic Games of Life (SGLs), which simulate the dynamic evolution of a society of living organisms in the presence of noise, are introduced and studied by means of extensive computer simulations. The SGLs exhibit very rich critical and aperiodic behavior. In one dimension the SGL has critical ed
In an interaction it is possible that one agent has features it is aware of but the opponent is not. These features (e.g. cost, valuation or fighting ability) are referred to as the agent's type. The paper compares two models of evolution in symmetric situations of this kind. In one model the type o
We develop methods to compute equilibria in dynamic models with incomplete asset markets and heterogeneous agents. Using spline interpolation methods we approximate recursive trading policies of the agents and the equilibrium pricing functions. We explore various methods for determining the coe$cien