Artikel
Dynamic games with (almost) perfect information
This paper aims to solve two fundamental problems on finite or infinite horizon dynamic games with complete information. Under some mild conditions, we prove the existence of subgame-perfect equilibria and the upper hemicontinuity of equilibrium payoffs in general dynamic games with simultaneous moves (i.e., almost perfect information), which go beyond previous works in the sense that stagewise public randomization and the continuity requirement on the state variables are not needed. For alternating move (i.e., perfect-information) dynamic games with uncertainty, we show the existence of pure-strategy subgame-perfect equilibria as well as the upper hemicontinuity of equilibrium payoffs, extending the earlier results on perfect-information deterministic dynamic games.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 15 ; Year: 2020 ; Issue: 2 ; Pages: 811-859 ; New Haven, CT: The Econometric Society
- Classification
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Wirtschaft
Existence and Stability Conditions of Equilibrium
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
- Subject
-
Dynamic games
perfect information
almost perfect information
subgame-perfect equilibrium
atomless transition
atomless reference measure
- Event
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Geistige Schöpfung
- (who)
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He, Wei
Sun, Yeneng
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
-
New Haven, CT
- (when)
-
2020
- DOI
-
doi:10.3982/TE2927
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- He, Wei
- Sun, Yeneng
- The Econometric Society
Time of origin
- 2020
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