Continuous-Time Games of Timing
AbstractWe address the question of existence of equilibrium in general timing games of complete information. Under weak assumptions, any two-player timing game has a subgame perfect e-equilibrium, for each e > 0. This result is tight. For some classes of games (symmetric games, games with cumulative payoffs), stronger existence results are established.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 773.
Length: 36 pages
Date of creation: 03 Jan 2003
Date of revision:
Timing games; war of attrition; preemption games; subgame perfect equilibrium;
Other versions of this item:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-12 (All new papers)
- NEP-GTH-2003-10-12 (Game Theory)
- NEP-IND-2003-10-12 (Industrial Organization)
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