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Perfect equilibria in stochastic games

  • F. Thuijsman
  • S. H. Tijs
  • O. J. Vrieze
Contributed Papers
  • 58 Downloads

Abstract

We examine stochastic games with finite state and action spaces. For the β-discounted case, as well as for the irreducible limiting average case, we show the existence of trembling-hand perfect equilibria and give characterizations of those equilibria. In the final section, we give an example which illustrates that the existence of stationary limiting average equilibria in a nonirreducible stochastic game does not imply the existence of a perfect limiting average equilibrium.

Key Words

Stochastic games equilibria trembling-hand perfect equilibria 

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Copyright information

© Plenum Publishing Corporation 1991

Authors and Affiliations

  • F. Thuijsman
    • 1
  • S. H. Tijs
    • 2
  • O. J. Vrieze
    • 1
  1. 1.Department of Mathematics, Faculty of General SciencesUniversity of LimburgMaastrichtThe Netherlands
  2. 2.Department of MathematicsCatholic UniversityNijmegenThe Netherlands

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