Abstract
We present a generalization of Amir’s continuous model of nonsymmetric infinite-horizon discounted stochastic game of capital accumulation. We show that the game has a pure-strategy equilibrium in strategies that are nondecreasing and have Lipschitz property. To prove that, we use a technique based on an approximation of continuous model by the analogous discrete one.
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© 2005 Birkhäuser Boston
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Więcek, P. (2005). Continuous Convex Stochastic Games of Capital Accumulation. In: Nowak, A.S., Szajowski, K. (eds) Advances in Dynamic Games. Annals of the International Society of Dynamic Games, vol 7. Birkhäuser Boston. https://doi.org/10.1007/0-8176-4429-6_6
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DOI: https://doi.org/10.1007/0-8176-4429-6_6
Publisher Name: Birkhäuser Boston
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