On Myopic Equilibria in Dynamic Games with Endogenous Discounting

On Myopic Equilibria in Dynamic Games with Endogenous Discounting
This paper derives an equilibrium for a competitive multi-stage game in which an agents' current action influences his probability of survival into the next round of play. This is directly relevant in banking, where a banks' current lending and pricing decisions determines its future probability of default. In technical terms, our innovation is... READ MORE...

Publication date: December 2006
ISBN 9781451865622
$18.00

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