Abstract
In this paper we consider Anonymous Sequential Games with Aggregate Uncertainty. We prove existence of equilibrium when there is a general state space representing aggregate uncertainty. When the economy is stationary and the underlying process governing aggregate uncertainty Markov, we provide Markov representations of the equilibria.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 461-489 |
| Number of pages | 29 |
| Journal | Economic Theory |
| Volume | 5 |
| Issue number | 3 |
| DOIs | |
| State | Published - Oct 1995 |
| Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics