Cooperative equilibria in discounted stochastic sequential games
This paper addresses the problem of computation of cooperative equilibria in discounted stochastic sequential games. The proposed approach contains as a special case the method of \textit{E. J. Green} and \textit{R. H. Porter} [Econometrica 52, 87-100 (1984; Zbl 0526.90013)] (developed originally for repeated oligopoly games), but it is more general than the latter in the sense that it generates nontrivial equilibrium solutions for a much larger class of dynamic games. This fact is demonstrated on two examples, one concerned with duopolistic economics and the other with fishery management.
scientific article; zbMATH DE number 4116342
scientific article