Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example
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Publication:298304
DOI10.1007/s13235-015-0177-8zbMath1348.91212OpenAlexW2277606995MaRDI QIDQ298304
Publication date: 20 June 2016
Published in: Dynamic Games and Applications (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s13235-015-0177-8
time inconsistencyMarkov perfect equilibriumhyperbolic discountingMarkov gamesendogenous gridpointsenvelope conditionneoclassical growth modelquasi-geometric discountingturnpike theorem
Applications of game theory (91A80) Economic growth models (91B62) Stochastic games, stochastic differential games (91A15) Dynamic games (91A25)
Related Items (5)
Preface: Special issue on dynamic games in macroeconomics ⋮ Equilibria in altruistic economic growth models ⋮ Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting ⋮ On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty ⋮ Markov decision processes with quasi-hyperbolic discounting
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