Randomized stopping games and Markov market games

Elżbieta Ferenstein ()

Mathematical Methods of Operations Research, 2007, vol. 66, issue 3, 544 pages

Abstract: We study nonzero-sum stopping games with randomized stopping strategies. The existence of Nash equilibrium and ɛ-equilibrium strategies are discussed under various assumptions on players random payoffs and utility functions dependent on the observed discrete time Markov process. Then we will present a model of a market game in which randomized stopping times are involved. The model is a mixture of a stochastic game and stopping game. Copyright Springer-Verlag 2007

Keywords: Stopping games; Stochastic games; Nash equilibrium; Markov chain (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/s00186-006-0143-8

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