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Continuous-Time Games of Timing

Author

Listed:
  • Rida Laraki

    (X-DEP-ECO - Département d'Économie de l'École Polytechnique - X - École polytechnique)

  • Eilon Solan

    (TAU - School of Mathematical Sciences [Tel Aviv] - TAU - Raymond and Beverly Sackler Faculty of Exact Sciences [Tel Aviv] - TAU - Tel Aviv University, MEDS, Northwestern University - Northwestern University)

  • 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)

Abstract

We 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.

Suggested Citation

  • Rida Laraki & Eilon Solan & Nicolas Vieille, 2003. "Continuous-Time Games of Timing," Working Papers hal-00591682, HAL.
    • Handle: RePEc:hal:wpaper:hal-00591682
    as

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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;
    All these keywords.

    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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