Abstract
We address the question of existence of equilibrium in general timing games with complete information. Under weak assumptions, any two-player timing game has a Markov subgame perfect E-equilibrium, for each ε>0. This result is tight. For some classes of games (symmetric games, games with cumulative payoffs), stronger existence results are established.
Original language | English |
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Pages (from-to) | 206-238 |
Number of pages | 33 |
Journal | Journal of Economic Theory |
Volume | 120 |
Issue number | 2 |
DOIs | |
State | Published - Feb 2005 |
Keywords
- Continuous-time games
- Games of timing
- Preemption games
- Timing games
- War of attrition