A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism
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Publication:1994237
DOI10.1016/j.jedc.2013.01.005zbMath1402.91025OpenAlexW2127075488MaRDI QIDQ1994237
Łukasz Balbus, Kevin L. Reffett, Łukasz Woźny
Publication date: 1 November 2018
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2013.01.005
Discrete-time games (91A50) Stochastic games, stochastic differential games (91A15) Dynamic games (91A25)
Related Items (13)
Non-paternalistic intergenerational altruism revisited ⋮ Preface: Special issue on dynamic games in macroeconomics ⋮ A strategic dynamic programming method for studying short-memory equilibria of stochastic games with uncountable number of states ⋮ Equilibria in altruistic economic growth models ⋮ Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting ⋮ Stationary Markov perfect equilibria in risk sensitive stochastic overlapping generations models ⋮ Equilibrium in production chains with multiple upstream partners ⋮ On recursive utilities with non-affine aggregator and conditional certainty equivalent ⋮ A constructive study of Markov equilibria in stochastic games with strategic complementarities ⋮ A Family of Models for Finite Sequential Games Without a Predetermined Order of Turns ⋮ Stochastic games of resource extraction ⋮ Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers ⋮ Existence of stationary Markov perfect equilibria in stochastic altruistic growth economies
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