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-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those …The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one … of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game …
Persistent link: https://www.econbiz.de/10004973113
In this paper we investigate teh decisions of Russian managers in distributing wage nonpayment in Russia during the …
Persistent link: https://www.econbiz.de/10005811965
In Game Theory and the Social Contract, Ken Binmore argues that game theory provides a systematic tool for … produce a synthesis that is consistent with the modern theory of noncooperative games. In the process, he notes logical … Theory and the Social Contract makes game-theoretic ideas more widely accessible to those with only a limited knowledge of …
Persistent link: https://www.econbiz.de/10004973021
commentary in which Binmore discusses the underlying game theory and addresses the criticism leveled at it by behavioral … economists. When Binmore began his experimental work in the 1980s, conventional wisdom held that game theory would not work in … the laboratory, but Binmore and other pioneers established that game theory can often predict the behavior of experienced …
Persistent link: https://www.econbiz.de/10004973065
Robert Aumann's groundbreaking career in game theory has spanned over 35 years. These two volumes provide convenient … categories: general, knot theory, decision theory (utility and subjective probability), strategic games, coalitional games, and …
Persistent link: https://www.econbiz.de/10004973109
Game theory has become increasingly popular among undergraduate as well as business school students. This text is the … teaching a course in game theory over the last six years at Columbia University. The book is divided into three parts … perfect equilibrium, repeated games, dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, and signaling …
Persistent link: https://www.econbiz.de/10004973145
Debates over post-Kyoto Protocol climate change policy often take note of two issues: the feasibility and desirability of international cooperation on climate change policies, given the failure of the United States to ratify Kyoto, and the very limited involvement of developing countries; and...
Persistent link: https://www.econbiz.de/10004973146
In Volume 1 of Game Theory and the Social Contract, Ken Binmore restated the problems of moral and political philosophy … in the language of game theory. In Volume 2, Just Playing, he unveils his own controversial theory, which abandons the … when orthodox reasoning is applied with the traditional assumptions. Using ideas borrowed from the theory of bargaining and …
Persistent link: https://www.econbiz.de/10004973147
treat the competitive zero-sum side of the theory of repeated games. Chapter five takes up cooperative phenomena where one …
Persistent link: https://www.econbiz.de/10004973212
Game theory has come to dominate industrial organization economics, but business strategists continue to debate its … usefulness. So far, empirical work on the application of game theory to business strategy has been too limited to force a … uses and limits of game theory as a tool for business strategists. Because they are analytical rather than descriptive, the …
Persistent link: https://www.econbiz.de/10004973230