Showing 1 - 10 of 24
In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its … Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of …
Persistent link: https://www.econbiz.de/10004973232
choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas …, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online …
Persistent link: https://www.econbiz.de/10008632727
This timely book surveys and illuminates the recent literature on industrial organization by contrasting the analyses based on the idea of "natural" adaptation of industry to environmental conditions and those that focus on the "strategic" dimension and manipulation of environment. Among the...
Persistent link: https://www.econbiz.de/10005233378
, "option games," by which the decision-making approaches of real options and game theory can be combined. The authors first … analyses. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a …
Persistent link: https://www.econbiz.de/10010535207
necessary and sufficient optimality conditions; game theory, with an emphasis on differential games; and the application of … to all end-of-chapter problems. The material is presented at three levels: single-person decision making; games, in which …
Persistent link: https://www.econbiz.de/10010535230
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
text is organized in four parts: strategic games, extensive games with perfect information, extensive games with imperfect … information, and coalitional games. It includes over 100 exercises. …
Persistent link: https://www.econbiz.de/10005756481
Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group....
Persistent link: https://www.econbiz.de/10005756499
This text introduces current evolutionary game theory--where ideas from evolutionary biology and rationalistic economics meet--emphasizing the links between static and dynamic approaches and noncooperative game theory. The author provides an overview of the developments that have taken place in...
Persistent link: https://www.econbiz.de/10005756511
These original essays focus on a wide range of topics related to Frank Hahn's distinguished work in economics. Ranging from market analysis and game theory to the microeconomic foundations of macroeconomics and from equilibrium and optimality with missing markets to economics and society, they...
Persistent link: https://www.econbiz.de/10005819651