Asymptotic nash equilibria in discounted stochastic games of resource extraction

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Łukasz Balbus


Abstrakt
A class of two person nonzero-sum nonsymmetric stochastic games ofcapital accumulation/resource extraction is considered. It is shown that the Nashequilibrium in the discounted games has a limit when the discount factor tendsto 1. Moreover, this limit is an epsilon-equilibrium in the discounted game withsufficiently large discount factor

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Balbus, Łukasz. (2010). Asymptotic nash equilibria in discounted stochastic games of resource extraction. Metody Ilościowe W Badaniach Ekonomicznych, 11(1), 167–188. Pobrano z https://qme.sggw.edu.pl/article/view/3059
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