Levy, Y. J. and McLennan, A. (2015) Corrigendum to “Discounted stochastic games with no stationary Nash equilibrium: two examples”. Econometrica, 83(3), pp. 1237-1252. (doi: 10.3982/ECTA12183)
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Abstract
Levy (2013) presented examples of discounted stochastic games that do not have stationary equilibria. The second named author has pointed out that one of these examples is incorrect. In addition to describing the details of this error, this note presents a new example by the first named author that succeeds in demonstrating that discounted stochastic games with absolutely continuous transitions can fail to have stationary equilibria.
| Item Type: | Articles |
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| Additional Information: | The copyright to this article is held by the Econometric Society, http://www.econometricsociety.org/. It may be downloaded, printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for, or on behalf of, any for-profit commercial firm or for other commercial purpose without the explicit permission of the Econometric Society. |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Levy, Dr John |
| Authors: | Levy, Y. J., and McLennan, A. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Econometrica |
| Publisher: | Wiley |
| ISSN: | 0012-9682 |
| ISSN (Online): | 1468-0262 |
| Published Online: | 08 June 2015 |
| Copyright Holders: | Copyright © 2015 The Econometric Society |
| First Published: | First published in Econometrica 83(3):1237-1252 |
| Publisher Policy: | Reproduced in accordance with the publisher copyright policy |
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