Recursive Lexicographical Search: Finding all Markov Perfect Equilibria of Finite State Directional Dynamic Games
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- Fedor Iskhakov & John Rust & Bertel Schjerning, 2016. "Recursive Lexicographical Search: Finding All Markov Perfect Equilibria of Finite State Directional Dynamic Games," Review of Economic Studies, Oxford University Press, vol. 83(2), pages 658-703.
References listed on IDEAS
- Ritzberger, Klaus, 2002. "Foundations of Non-Cooperative Game Theory," OUP Catalogue, Oxford University Press, number 9780199247868.
- Kenneth L. Judd & Philipp Renner & Karl Schmedders, 2012. "Finding all pure‐strategy equilibria in games with continuous strategies," Quantitative Economics, Econometric Society, vol. 3(2), pages 289-331, July.
- Doraszelski, Ulrich & Escobar, Juan, 2010.
"A theory of regular Markov perfect equilibria in dynamic stochastic games: genericity, stability, and purification,"
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- Richard Bellman, 1957. "On a Dynamic Programming Approach to the Caterer Problem--I," Management Science, INFORMS, vol. 3(3), pages 270-278, April.
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- Simon Quinn & Tom Gole, 2014. "Committees and Status Quo Bias: Structural Evidence from a Randomized Field Experiment," Economics Series Working Papers 733, University of Oxford, Department of Economics.
- Abbring, Jaap & Campbell, J.R. & Tilly, J. & Yang, N., 2017. "Very Simple Markov-Perfect Industry Dynamics : Theory," Discussion Paper 2017-020, Tilburg University, Center for Economic Research.
- Doraszelski, Ulrich & Escobar, Juan, 2016. "Protocol Invariance and the Timing of Decisions in Dynamic Games," CEPR Discussion Papers 11447, C.E.P.R. Discussion Papers.
- John Rust, 2014. "The Limits of Inference with Theory: A Review of Wolpin (2013)," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 820-850, September.
- Prüfer, Jens & Schottmuller, C., 2017. "Competing with Big Data," Discussion Paper 2017-006, Tilburg University, Tilburg Law and Economic Center.
More about this item
KeywordsDynamic games; directional dynamic games; Markov-perfect equilibrium; subgame perfect equilibrium; multiple equilibria; partial orders; directed acyclic graphs; d-subgames; generalized stage games; state recursion; recursive lexicographic search algorithm; variable-base arithmetic; successor function;
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2014-07-27 (All new papers)
- NEP-ALL-2014-07-28 (All new papers)
- NEP-CMP-2014-07-28 (Computational Economics)
- NEP-COM-2014-07-28 (Industrial Competition)
- NEP-GTH-2014-07-28 (Game Theory)
- NEP-MIC-2014-07-28 (Microeconomics)
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