πŸ“– Solving Directional Dynamic Games with Multiple Equilibria

πŸ“– Solving Directional Dynamic Games with Multiple Equilibria#

⏱ | words

Practical Task: Leapfrogging game Dancing equilibria movie DDG about restrictive covenants References

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Playing the Leapfrogging Game

Find the Leapfrogging simulator code in the exercises repo in the Jupyter notebook 8_rls/play_leapfrogging/ (Matlab)

Playing the Leapfrogging Game

Entry Deterrence through Restrictive Covenants

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References and Additional Resources

  • πŸ“– Iskhakov et al. [2018] β€œThe dynamics of Bertrand price competition with cost-reducing investments”

  • πŸ“– Iskhakov et al. [2016] β€œRecursive lexicographical search: Finding all markov perfect equilibria of finite state directional dynamic games”

  • πŸ“– Doraszelski and Escobar [2010] β€œA theory of regular Markov perfect equilibria in dynamic stochastic games: Genericity, stability, and purification”