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Continuous-time games of timing

Author

Listed:
  • Nicolas Vieille

    () (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • Eilon Solan

    () (Department of Statitics and Operation Research, Tel Aviv University - Tel-Abib University)

  • Rida Laraki

    () (Department of Economics, Ecole Polytechnique - X - École polytechnique - CNRS - Centre National de la Recherche Scientifique)

Abstract

We address the question of existence of equilibrium in general timing games with complete information. Under weak assumptions, any two-player timing game has a Markov subgame perfect var epsilon-equilibrium, for each var epsilon>0. This result is tight. For some classes of games (symmetric games, games with cumulative payoffs), stronger existence results are established.

Suggested Citation

  • Nicolas Vieille & Eilon Solan & Rida Laraki, 2005. "Continuous-time games of timing," Post-Print hal-00464672, HAL.
  • Handle: RePEc:hal:journl:hal-00464672
    DOI: 10.1016/j.jet.2004.02.001
    Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-00464672
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Timing games; Continuous-time games; Games of timing; War of attrition; Preemption games;

    JEL classification:

    • 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

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