Computing Markov Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model
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This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ability of such models to
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美国国家经济研究局创建时间:
1992-01-01



