Acceptable strategy profiles in stochastic games

Eilon Solan

Games and Economic Behavior, 2018, vol. 108, issue C, 523-540

Abstract: This paper presents a new solution concept for multiplayer stochastic games, namely, acceptable strategy profiles. For each player i and state s in a stochastic game, let wi(s) be a real number. A strategy profile is w-acceptable, where w=(wi(s)), if the discounted payoff to each player i at every initial state s is at least wi(s), provided the discount factor of the players is sufficiently close to 1. Our goal is to provide simple strategy profiles that are w-acceptable for payoff vectors w in which all coordinates are high.

Keywords: Stochastic games; Acceptable strategy profiles; Automata (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825617300222
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:108:y:2018:i:c:p:523-540

DOI: 10.1016/j.geb.2017.01.011

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Catherine Liu ().