Autori
Kempf, Hubert
Cahuc, Pierre

Titolo
Alternative time patterns of decisions and dynamic strategic interactions
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1995 - Fascicolo: 11 - Pagina iniziale: 1 - Pagina finale: 31

This paper offers a simple approach to study steady-state Markov Perfect Equilibria arising in dynamic games when players (are obliged to) commit their actions to several periods : it highlights the importance of spillovers and dynamic strategic interactions when assessing the various time patterns conceivable in such games. The obtained results are then applied to various, either micro- or macroeconomic, issues where time patterns of decisions matter.



Testo completo: http://hdl.handle.net/1814/536

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