We analyze the joint dynamics of land property rights and urbanization, a key yet
underexplored relation that underpins the process of economic development. Using a …

We consider a principal repeatedly allocating a single resource in each period to one of
multiple agents, whose values are private, without relying on monetary payments over an …

We present novel techniques for neuro-symbolic concurrent stochastic games, a recently
proposed modelling formalism to represent a set of probabilistic agents operating in a …

In this article, we propose a recursive equilibrium algorithm for the numerical simulation of
nonoptimal dynamic economies. This algorithm builds upon a convergent operator over an …

In a parsimonious model, we analyze how to obtain consistent incentives when both
principal and agent are risk-averse and when a setting prevails in which the agent may have …

We introduce a flexible and scalable method for solving discrete-time dynamic incentive
problems with heterogeneous agents and persistent types. Our framework entails a generic …

Recursive game theory provides theoretic procedures for computing the equilibrium payoff
or value sets of repeated games and the equilibrium payoff or value correspondences of …

We study the pure‐strategy subgame‐perfect Nash equilibria of stochastic games with
perfect monitoring, geometric discounting, and public randomization. We develop novel …

We characterize perfect public equilibrium payoffs in dynamic stochastic games in the case
where the length of the period shrinks, but players' rate of time discounting and the transition …

We study the subgame perfect equilibria of two player stochastic games with perfect
monitoring and geometric discounting. A novel algorithm is developed for calculating the …