Alternative Time Patterns of Decisions and Dynamic Strategic Interactions
提出一种简单方法，研究玩家在动态博弈中承诺多期行动时的稳态马尔可夫完美均衡，强调溢出效应和动态战略互动在不同时间模式下的重要性，并应用于微观和宏观经济问题。
This paper offers a simple approach to study steady‐state Markov perfect equilibria arising in dynamic games when players (are obliged to) commit their actions for several periods. It highlights the importance of spillovers and dynamic strategic interactions when assessing the various time patterns conceivable in such games. The obtained results are then applied to various, either micro‐or macroeconomic, issues where time patterns of decisions matter.