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Does Game Theory Work? The Bargaining Challenge

Binmore, Ken - The MIT Press

This volume brings together all of Ken Binmore's influential experimental papers on bargaining along with newly written … players very well in favorable laboratory settings. The case of human bargaining behavior is particularly challenging for game … theory. Everyone agrees that human behavior in real-life bargaining situations is governed at least partly by considerations …

Persistent link: https://www.econbiz.de/10004973065

Guns and Butter: The Economic Causes and Consequences of Conflict

Hess, Gregory D. (contributor) - The MIT Press

Guns and Butter examines the causes and consequences of war from a political economy perspective, taking as its premise … deeper insights into war and peace choices than the standard state-centric approach. Their contributions offer both …: war as an equilibrium phenomenon rather than an exogenous process; the interaction of politics, economics, and …

Persistent link: https://www.econbiz.de/10008587773

The Theory of Money and Financial Institutions: Volume 2

Shubik, Martin - The MIT Press

This is the second volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"—a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of...

Persistent link: https://www.econbiz.de/10005233383

The Theory of Money and Financial Institutions: Volume 1

Shubik, Martin - The MIT Press

Persistent link: https://www.econbiz.de/10005237360

Competitive Strategy: Options and Games

Chevalier-Roignant, Benoit; Trigeorgis, Lenos - The MIT Press

Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior; or they can take a "wait and see" approach to...

Persistent link: https://www.econbiz.de/10010535207

Heredity, Family, and Inequality: A Critique of Social Sciences

Beenstock, Michael - The MIT Press

Empirical literature in disciplines ranging from behavioral genetics to economics shows that in virtually every aspect of life the outcomes of children are correlated to a greater or lesser extent with the outcomes of their parents and their siblings. In Heredity, Family, and Inequality, the...

Persistent link: https://www.econbiz.de/10010535222

Optimal Control Theory with Applications in Economics

Weber, Thomas A. - The MIT Press

This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for...

Persistent link: https://www.econbiz.de/10010535230

Special Interest Politics

Grossman, Gene M.; Helpman, Elhanan - The MIT Press

This landmark theoretical book is about the mechanisms by which special interest groups affect policy in modern democracies. Defining a special interest group as any organization that takes action on behalf of an identifiable group of voters, Gene Grossman and Elhanan Helpman ask: How do special...

Persistent link: https://www.econbiz.de/10005755456

A General Theory of Equilibrium Selection in Games

Harsanyi, John C.; Selten, Reinhard - The MIT Press

be remodelled as a noncooperative bargaining game, their theory defines a one-point solution for any cooperative game as …; bargaining with transaction costs; trade involving one seller and several buyers; two-person bargaining with incomplete …

Persistent link: https://www.econbiz.de/10005756478

A Course in Game Theory

Osborne, Martin J.; Rubinstein, Ariel - The MIT Press

A Course in Game Theory presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of its basic concepts. The authors provide precise definitions and full proofs of results, sacrificing...

Persistent link: https://www.econbiz.de/10005756481