首页> 外文期刊>Theoretical Economics >Existence and indeterminacy of Markovian equilibria in dynamic bargaining games
【24h】

Existence and indeterminacy of Markovian equilibria in dynamic bargaining games

机译:动态讨价还价博弈中马尔可夫均衡的存在性和不确定性

获取原文
           

摘要

This paper studies stationary Markov perfect equilibria in multidimensional models of dynamic bargaining, in which the alternative chosen in one period determines the status quo for the next. We generalize a sufficient condition for existence of equilibrium due to Anesi and Seidmann, 2015. We then use this existence result to show that if a weak gradient restriction holds at an alternative, then when players are sufficiently patient, there is a continuum of equilibria with absorbing sets arbitrarily close to that alternative. A sufficient condition for our gradient restriction is that the gradients of all players' utilities are linearly independent at that alternative. When the dimensionality of the set of alternatives is high, this linear independence condition holds at almost all alternatives, and equilibrium absorbing sets are dense in the set of alternatives. This implies that constructive techniques, which are common in the literature, fail to identify many plausible outcomes in dynamic bargaining games.
机译:本文研究了动态讨价还价多维模型中的平稳马尔可夫完美均衡,其中一个时期选择的替代方案决定了下一个时期的现状。由于Anesi和Seidmann,2015,我们归纳了一个平衡存在的充分条件。然后,我们使用该存在结果表明,如果在替代方案中存在弱梯度限制,那么当玩家足够耐心时,就会有一个连续的均衡吸收集任意接近该替代集。我们的梯度限制的充分条件是,所有玩家的效用的梯度在该替代方案上都是线性独立的。当备选方案集的维数较高时,此线性独立条件几乎适用于所有备选方案,并且均衡吸收组在备选方案集中是密集的。这意味着在文献中很常见的建设性技术未能在动态讨价还价博弈中确定许多可能的结果。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号