Subgame-Perfect Equilibria for Stochastic Games

Subgame-Perfect Equilibria for Stochastic Games

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Article ID: iaor200954134
Country: United States
Volume: 32
Issue: 3
Start Page Number: 711
End Page Number: 722
Publication Date: Aug 2007
Journal: Mathematics of Operations Research
Authors: ,
Abstract:

For an n–person stochastic game with Borel state space S and compact metric action sets A1, A2,…, An, sufficient conditions are given for the existence of subgame–perfect equilibria. One result is that such equilibria exist if the law of motion q(⋯∣ s, a) is, for fixed s, continuous in a= a1, a2,…, an for the total variation norm and the payoff functions f1, f2,…, fn are bounded, Borel measurable functions of the sequence of states (s1, s2,…) ∈ Sℕ and, in addition, are continuous when Sℕ is given the product of discrete topologies on S.

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