ON THE COMPUTATION OF RANDOMIZED MARKOV EQUILIBRIA

Authors
CADOT O SINCLAIRDESGAGNE B
Citation
O. Cadot et B. Sinclairdesgagne, ON THE COMPUTATION OF RANDOMIZED MARKOV EQUILIBRIA, Games and economic behavior, 17(1), 1996, pp. 129-134
Citations number
4
Categorie Soggetti
Economics
Journal title
Games and economic behavior → ACNP
ISSN journal
08998256
Volume
17
Issue
1
Year of publication
1996
Pages
129 - 134
Database
ISI
SICI code
0899-8256(1996)17:1<129:OTCORM>2.0.ZU;2-W
Abstract
This note extends the usual method for finding totally mixed strategy equilibria in 2 x 2 matrix games to the computation of randomized Mark ov equilibria in infinite-horizon discrete-time stochastic games. It i s shown that the method can be applied in the class of separable seque ntial games with binary action sets when continuation payoffs are mono tone in each player's own-mixing probabilities. (C) 1996 Academic Pres s, Inc.