英文标题：
《Symmetric Equilibria in Stochastic Timing Games》
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作者：
Jan-Henrik Steg
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最新提交年份：
2018
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英文摘要：
We construct subgame-perfect equilibria with mixed strategies for symmetric stochastic timing games with arbitrary strategic incentives. The strategies are qualitatively different for local first- or second-mover advantages, which we analyse in turn. When there is a local second-mover advantage, the players may conduct a war of attrition with stopping rates that we characterize in terms of the Snell envelope from the theory of optimal stopping. This is a very general result, but it provides a clear interpretation. When there is a local first-mover advantage, stopping typically results from preemption and is abrupt. Equilibria may differ in the degree of preemption, precisely when it is triggered or not. We develop an algorithm to characterize when preemption is inevitable and to construct corresponding payoff-maximal symmetric equilibria.
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中文摘要：
我们构造了具有任意策略激励的对称随机时间博弈的混合策略子博弈完美均衡。对于本地先发优势或后发优势，这些策略在性质上是不同的，我们依次分析。当存在局部后动优势时，玩家可能会进行一场消耗战，其停止率是我们根据最佳停止理论中的斯奈尔包络描述的。这是一个非常普遍的结果，但它提供了一个明确的解释。当存在本地先发优势时，停止通常是由抢占造成的，而且是突然的。先发制人的程度可能会有所不同，确切地说，先发制人是否被触发。我们发展了一个算法来描述抢占是不可避免的，并构造相应的支付最大对称均衡。
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分类信息：

一级分类：Mathematics 数学
二级分类：Optimization and Control 优化与控制
分类描述：Operations research, linear programming, control theory, systems theory, optimal control, game theory
运筹学，线性规划，控制论，系统论，最优控制，博弈论
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一级分类：Mathematics 数学
二级分类：Probability 概率
分类描述：Theory and applications of probability and stochastic processes: e.g. central limit theorems, large deviations, stochastic differential equations, models from statistical mechanics, queuing theory
概率论与随机过程的理论与应用：例如中心极限定理，大偏差，随机微分方程，统计力学模型，排队论
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一级分类：Quantitative Finance 数量金融学
二级分类：Economics 经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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