Economics and the theory of games

✍ Scribed by Fernando Vega-Redondo

• Book ID: 127423284
• Publisher: Cambridge University Press
• Year: 2003
• Tongue: English
• Weight: 3 MB
• Category: Library
• City: Cambridge, UK; New York
• ISBN: 051107770X

✦ Synopsis

Fernando Vega-Redondo's self-contained account of the main contributions of modern game theory and its applications to economics starts with a detailed description of how to model strategic situations. The discussion proceeds by studying basic solution concepts and their main refinements; games played under incomplete information; and repeated games. For each of these theoretical developments, the text includes 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).