EconPapers    
Economics at your fingertips  
 

Recursive Global Games

Chryssi Giannitsarou () and Flavio Toxvaerd ()

No 6470, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The present paper contributes to the literature on dynamic games with strategic complementarities, in two interrelated ways. First, we identify a class of dynamic complete information games in which intertemporal complementarities and multiple equilibria can be fruitfully analyzed. Second, we extend the analysis to an incomplete information framework, where results from the literature on global games can be applied to select a unique Markov perfect equilibrium in monotone strategies.

Keywords: dynamic global games; Dynamic supermodular games; endogenous cycles (search for similar items in EconPapers)
JEL-codes: C73 D43 E32 (search for similar items in EconPapers)
Date: 2007-09
New Economics Papers: this item is included in nep-gth, nep-mac and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=6470 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: Recursive global games (2004) Downloads
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:cpr:ceprdp:6470

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=6470

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2020-10-25
Handle: RePEc:cpr:ceprdp:6470