3 papers
econ.TH2026
Sustainable Exploitation Equilibria for Dynamic Games with Irreversible Failure
Nicholas H. Kirk
We study dynamic relationships in which one party extracts current surplus in ways that degrade the future state, while the counterparty cannot exit but adjusts effort in response.…
econ.TH2026
Continuation-Performance Decomposition in Dynamic Games with Irreversible Failure
Nicholas H. Kirk
Once failure is irreversible, continuation payoffs cannot be meaningfully aggregated across strategies that differ in their survival properties. Standard scalar evaluation sidestep…
econ.TH2026
Irreversible Failure Reverses the Value of Information
Nicholas H. Kirk
We study dynamic games with hidden states and absorbing failure, where belief-driven actions can trigger irreversible collapse. In such environments, equilibria that sustain activi…