Genericity and Markovian Behavior in Stochastic Games

Hans Haller and Roger Lagunoff
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Hans Haller: Virginia Polytechnic Institute & State University

Game Theory and Information from University Library of Munich, Germany

Abstract: This paper examines Markov Perfect equilibria of general, finite state stochastic games. Our main result is that the number of such equilibria is finite for a set of stochastic game payoffs with full Lebesgue measure. We further discuss extensions to lower dimensional stochastic games like the alternating move game.

Keywords: stochastic games; Markov Perfect equilibria; genericity. (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1999-01-27, Revised 1999-06-03
New Economics Papers: this item is included in nep-gth
Note: Type of Document - Acrobat pdf file; prepared on IBM PC - PC- TEX; to print on Acrobat PDF Writer; pages: 25 ; figures: included.
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Related works:
Journal Article: Genericity and Markovian Behavior in Stochastic Games (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:9901003

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