Title of article
On non-existence of pure strategy Markov perfect equilibrium
Author/Authors
Igor Livshits، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
4
From page
393
To page
396
Abstract
This paper provides a simple counterexample to existence of pure strategy (stationary) Markov perfect equilibrium for a class of infinite-horizon games with complete information, finitely many actions, and finitely many ordered states. For the given example, the proof of non-existence is provided.
Keywords
Markov perfect equilibrium , Coalition formation
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435005
Link To Document