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Discontinuous stochastic games

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0 Published in 2021 at "Economic Theory"

DOI: 10.1007/s00199-021-01374-5

Abstract: We prove for a large class of stochastic games with discontinuous payoffs, a stationary Markov perfect equilibrium exists under the condition of “continuation payoff security.” This condition is easy to verify and holds in many… read more here.

Keywords: games discontinuous; discontinuous stochastic; stochastic games;