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Managing Editor's Report

Journal of Financial and Quantitative Analysis 1974 9(5), 914-916
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Correct Fixed-capital Replacement in Input-output Growth Models

Review of Economic Studies 1974 41(4), 525
Journal Article Correct Fixed-capital Replacement in Input-output Growth Models Get access W. F. Gossling W. F. Gossling University of East Anglia and West Virginia University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 4, October 1974, Pages 525–531, https://doi.org/10.2307/2296702 Published: 01 October 1974

Non-Cooperative Equilibria in Time-Dependent Supergames

Econometrica 1974 42(2), 221
[This paper is concerned with "supergames" in which the action taken in a given time period by a player will affect the payoff to any other player in the subsequent period. A supergame consists of a set of players and a countable sequence of "ordinary" games. To illustrate "time-dependence," consider an economic market in discrete time. Say each firm must choose a price in each time period. This market has time-dependence if the amount demanded of a firm today is a function of the prices chosen today and of the prices chosen in the preceding period. Conditions are given for the existence of non-cooperative equilibria of two types: (i) steady state, in which the individual moves of the players converge over time to some s extasciicircum0 and (ii) balance temptation equilibria of the sort developed by Friedman [6] for games lacking time dependence.]