Game Theory and the Law.

Format:

Book

Author/Creator:

Baird, Douglas G.

Contributor:

Gertner, Robert H.

Picker, Randal C.

Language:

English

Subjects (All):

Game theory.

Law and economics.

Physical Description:

1 online resource (288 pages)

Edition:

1st ed.

Place of Publication:

Cambridge : Harvard University Press, 1994.

Summary:

This book promises to be the definitive guide to the field. It provides a highly sophisticated yet exceptionally clear explanation of game theory, with a host of applications to legal issues.

Contents:

Cover

Title

Copyright

Contents

Preface

Introduction: Understanding Strategic Behavior

1 Simultaneous Decisionmaking and the Normal Form Game

The Normal Form Game

Using Different Games to Compare Legal Regimes

The Nash Equilibrium

Civil Liability, Accident Law, and Strategic Behavior

Legal Rules and the Idea of Strict Dominance

Collective Action Problems and the Two-by-Two Game

The Problem of Multiple Nash Equilibria

Summary

Bibliographic Notes

2 Dynamic Interaction and the Extensive Form Game

The Extensive Form Game and Backwards Induction

A Dynamic Model of Preemption and Strategic Commitment

Subgame Perfection

3 Information Revelation, Disclosure Laws, and Renegotiation

Incorporating Beliefs into the Solution Concept

The Perfect Bayesian Equilibrium Solution Concept

Verifiable Information, Voluntary Disclosure, and the Unraveling Result

Disclosure Laws and the Limits of Unraveling

Observable Information, Norms, and the Problem of Renegotiation

Optimal Incentives and the Need for Renegotiation

Limiting the Ability of Parties to Renegotiate Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

0-674-25218-7

0-674-25221-7

OCLC:

1453209733