Genericity and Markovian behavior in stochastic games

Citation
H. Haller et R. Lagunoff, Genericity and Markovian behavior in stochastic games, ECONOMETRIC, 68(5), 2000, pp. 1231-1248
Citations number
42
Categorie Soggetti
Economics
Journal title
ECONOMETRICA
ISSN journal
00129682 → ACNP
Volume
68
Issue
5
Year of publication
2000
Pages
1231 - 1248
Database
ISI
SICI code
0012-9682(200009)68:5<1231:GAMBIS>2.0.ZU;2-Z
Abstract
This paper examines Markov perfect equilibria of general, finite state stoc hastic games. Our main result is that the number of such equilibria is fini te for a set of stochastic game payoffs with full Lebesgue measure. We furt her discuss extensions to lower dimensional stochastic games like the alter nating move game.