CFDP 525

Stochastic Games, Oligopoly Theory and Competitive Resource Allocation


Publication Date: May 1979

Pages: 18


We define discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games is noted.


Published in Pan-Tai Liu, ed., Dynamic Optimization and Mathematical Economics, Plenum Publishing, 1980, pp. 89-104