Cyclic Markov equilibria in stochastic games

J Flesch*, F Thuijsman, K Vrieze

*Corresponding author for this work

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Abstract

We examine a three-person stochastic game where the only existing equilibria consist of cyclic markov strategies. Unlike in two-person games of a similar type, stationary e-equilibria (e > 0) do not exist for this game. Besides we characterize the set of feasible equilibrium rewards.
Original languageEnglish
Pages (from-to)303-314
JournalInternational Journal of Game Theory
Volume26
Issue number3
DOIs
Publication statusPublished - 1997

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