Economics and the theory of games / Fernando Vega-Redondo.

Format:

Book

Author/Creator:

Vega-Redondo, Fernando, author.

Language:

English

Subjects (All):

Game theory.

Equilibrium (Economics).

Economics.

Physical Description:

1 online resource (xii, 512 pages) : digital, PDF file(s).

Other Title:

Economics & the Theory of Games

Place of Publication:

Cambridge : Cambridge University Press, 2003.

Language Note:

English

Summary:

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.

Contents:

Cover; Half-title; Title; Copyright; Dedication; Contents; Preface; CHAPTER 1 Theoretical framework; CHAPTER 2 Strategic-form analysis: theory; CHAPTER 3 Strategic-form analysis: applications; CHAPTER 4 Refinements of Nash equilibrium: theory; CHAPTER 5 Refinements of Nash equilibrium: applications; CHAPTER 6 Incomplete information: theory; CHAPTER 7 Incomplete information: applications; CHAPTER 8 Repeated interaction: theory; CHAPTER 9 Repeated interaction: applications; CHAPTER 10 Evolution and rationality; CHAPTER 11 Learning to play; CHAPTER 12 Social learning and equilibrium selection

BibliographyIndex

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references (p. 501-506) and index.

ISBN:

1-107-12875-7

0-521-77590-6

1-280-16278-3

0-511-11844-9

0-511-20597-X

0-511-55695-0

0-511-75395-0

0-511-07613-4

OCLC:

171136600