2010 | 11 | 1 | 167-88
Article title

Asymptotic nash equilibria in discounted stochastic games of resource extraction

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A class of two person nonzero-sum nonsymmetric stochastic games of capital accumulation/resource extraction is considered. It is shown that the Nash equilibrium in the discounted games has a limit when the discount factor tends to 1. Moreover, this limit is an epsilon-equilibrium in the discounted game with sufficiently large discount factor.
Physical description
  • Institute of Mathematics and Computer Sciences, Wroclaw University of Technology
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