马尔科夫完美均衡课件.pptVIP

马尔科夫完美均衡（MPE） 邓涛 Markov Perfect Equilibria (MPE) 1. Theory and application of MPE 2. Existence of MPE 3. The steady state of the MPE 4. Pure strategy Markov perfect equilibrium 1.Theory and application of MPE 1.eliminating or reducing a large multiplicity of equilibria in dynamic games (MPE—a refinement of Nash equilibrium) 2.reduce the number of parameters to be estimated in dynamic econometric models（动态计量经济学模型） 3. Markov models can readily be simulated (Pakes, Gowrisankaran and McGuire developed a Gauss program capable of computing Markov perfect equilibria) the model and define the concept