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Title:Time, Uncertainty, and Conflict: Three Essays on Economic Dynamics
Author(s):Guzman-Garcia, Rolando Moises
Doctoral Committee Chair(s):Bart Taub
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, Finance
Abstract:The third essay studies the interaction of a group of economic agents whose wealth cannot be completely insured, so that bankruptcy can occur. The stochastic behavior of the wealth is described by a diffusion process whose behavior depends on the actions of all agents. Each player should select a strategy in which the immediate benefit of her actions is balanced with the effects on the bankruptcy probability. The paper characterizes the Markovian Nash equilibrium of this dynamic game, and illustrates different situation to which the result might be applied.
Issue Date:1997
Type:Text
Language:English
Description:136 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1997.
URI:http://hdl.handle.net/2142/85623
Other Identifier(s):(MiAaPQ)AAI9812608
Date Available in IDEALS:2015-09-25
Date Deposited:1997


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