CORRIGENDUM TO "DISCOUNTED STOCHASTIC GAMES WITH NO STATIONARY NASH EQUILIBRIUM: TWO EXAMPLES"

CORRIGENDUM TO "DISCOUNTED STOCHASTIC GAMES WITH NO STATIONARY NASH EQUILIBRIUM: TWO EXAMPLES"

Levy (2013) presented examples of discounted stochastic games that do not have stationary equilibria. The second named author has pointed out that one of these examples is incorrect. In addition to describing the details of this error, this note presents a new example by the first named author that...

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Veröffentlicht in:Econometrica 2015-05, Vol.83 (3), p.1237-1252
Hauptverfasser: Levy, Yehuda John, McLennan, Andrew
Format: Artikel
Sprache:eng
Schlagworte:
Continuous functions
discounting
Econometrics
Economic analysis
Economic theory
Games
Mathematical functions
Mathematical theorems
Mathematical vectors
Mixed strategy
Nash equilibrium
NOTES AND COMMENTS
stationary equilibrium
Stochastic game
Stochastic games
Stochastic processes
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Zusammenfassung:Levy (2013) presented examples of discounted stochastic games that do not have stationary equilibria. The second named author has pointed out that one of these examples is incorrect. In addition to describing the details of this error, this note presents a new example by the first named author that succeeds in demonstrating that discounted stochastic games with absolutely continuous transitions can fail to have stationary equilibria.
ISSN:0012-9682
1468-0262
DOI:10.3982/ECTA12183