8 citations · 8 across the 9 of their papers we have counts for
11 papers · 1 filter
A class of singular control problems with tipping points
Jean-Paul Décamps, Fabien Gensbittel, Thomas Mariotti +1
Tipping points characterize situations where a regulated system may experience a sudden and irreversible change and are generally associated with a random state of the system below…
Mixed Markov-Perfect Equilibria in the Continuous-Time War of Attrition
Jean-Paul Décamps, Fabien Gensbittel, Thomas Mariotti
We prove the existence of a Markov-perfect equilibrium in randomized stopping times for a model of the war of attrition in which the underlying state variable follows a homogenous…
Nash equilibria for dividend distribution with competition
Tiziano De Angelis, Fabien Gensbittel, Stéphane Villeneuve
We construct Nash equilibria in feedback form for a class of two-person stochastic games of singular control with absorption, arising from a stylized model for corporate finance. M…
Mixed-Strategy Equilibria in the War of Attrition under Uncertainty
Jean-Paul Décamps, Fabien Gensbittel, Thomas Mariotti
We study a generic family of two-player continuous-time nonzero-sum stopping games modeling a war of attrition with symmetric information and stochastic payoffs that depend on an h…
Value-Based Distance Between Information Structures
Fabien Gensbittel, Marcin Peski, Jérôme Renault
We define the distance between two information structures as the largest possible difference in value across all zero-sum games. We provide a tractable characterization of distance…
Investment Timing and Technological Breakthroughs
Jean-Paul Décamps, Fabien Gensbittel, Thomas Mariotti
We study the optimal investment policy of a firm facing both technological and cash-flow uncertainty. At any point in time, the firm can decide to invest in a standalone technology…