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development of the theory presented here, and to its economic applications. They propose rational criteria for selecting one … be remodelled as a noncooperative bargaining game, their theory defines a one-point solution for any cooperative game as … a remarkable degree of theoretical unification for game theory as a whole and provides a deeper insight into the nature …
Persistent link: https://www.econbiz.de/10005756478
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
This advanced text introduces the principles of noncooperative game theory - including strategic form games, Nash … given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of …. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been …
Persistent link: https://www.econbiz.de/10004973298