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Cambridge University Press Economics and the Theory of Games

Name: Economics and the Theory of Games
Brand: Cambridge University Press
Price: 100.17 GBP
Availability: InStock

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Description

This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions. The theory and applications covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521772516
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 28 July 2003
Listed Since: 09 February 2007

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Cambridge University Press Economics and the Theory of Games

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