Stochastic Game with Interactive Information Acquisition: Pipelined Perfect Markov Bayesian Equilibrium

Understand

This paper studies a multi-player, general-sum stochastic game characterized by a dual-stage temporal structure per period.

• The agents face uncertainty regarding the time-evolving state that is realized at the beginning of each period.
• During the first stage, agents engage in information acquisition regarding the unknown state.
• Each agent strategically selects from multiple signaling options, each carrying a distinct cost.