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.
MLA
McLennan, Y. J. Levy and A., and A. McLennan. “Corrigendum to “Discounted Stochastic Games With No Stationary Nash Equilibrium: Two Examples”.” Econometrica, vol. 83, .no 3, Econometric Society, 2015, pp. 1237-1252, https://doi.org/10.3982/ECTA12183
Chicago
McLennan, Y. J. Levy and A., and A. McLennan. “Corrigendum to “Discounted Stochastic Games With No Stationary Nash Equilibrium: Two Examples”.” Econometrica, 83, .no 3, (Econometric Society: 2015), 1237-1252. https://doi.org/10.3982/ECTA12183
APA
McLennan, Y. J. L. a. A., & McLennan, A. (2015). Corrigendum to “Discounted Stochastic Games With No Stationary Nash Equilibrium: Two Examples”. Econometrica, 83(3), 1237-1252. https://doi.org/10.3982/ECTA12183
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.