Stochastic Games, Oligopoly Theory and Competitive Resource Allocation
We deﬁne discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games is noted.
Shubik, Martin and Sobel, Matthew J., "Stochastic Games, Oligopoly Theory and Competitive Resource Allocation" (1979). Cowles Foundation Discussion Papers. 760.