Economics and the Theory of Games

Author/creator Vega-Redondo, Fernando Author
Format Electronic
Publication InfoNew York : Cambridge University Press
Description526 p. ill 09.960 x 06.970 in.
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects

Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2002042903
ISBN9780521772518
ISBN0521772516 (Trade Cloth) Active Record
Standard identifier# 9780521772518
Stock number00004933