Corrigendum to “Discounted Stochastic Games With No Stationary Nash Equilibrium: Two Examples”
Yehuda John Levy, Andrew McLennan
Econometrica · 2015 · Volume 83 · Issue 3
Abstract
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.
Keywords
Stochastic game, discounting, stationary equilibrium
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