Stochastic bequest games

B-Tier
Journal: Games and Economic Behavior
Year: 2015
Volume: 90
Issue: C
Pages: 247-256

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we prove the existence of a stationary Markov perfect equilibrium for a stochastic version of the bequest game. A novel feature in our approach is the fact that the transition probability need not be non-atomic and therefore, the deterministic production function is not excluded from consideration. Moreover, in addition to the common expected utility we also deal with a utility that takes into account an attitude of the generation towards risk.

Technical Details

RePEc Handle
repec:eee:gamebe:v:90:y:2015:i:c:p:247-256
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24