| Description |
1 online resource (xi, 219 pages) : illustrations |
| Series |
Churchill lectures in economic theory |
|
Churchill lectures in economics.
|
| Contents |
Markets and games -- Strategic foundations of perfect competition -- Why strategic foundations? -- Cooperative market games -- Non-cooperative market games -- Dynamic matching and bargaining models -- Open questions -- Perfect competition -- Pure exchange economics -- Dynamic matching and bargaining games -- Equilibrium -- The Edgeworth Property -- Efficiency -- Competitive sequences of economies -- Existence -- Efficiency with discounting -- Random matching -- Mixed equilibria -- A summing up -- Continuity and anonymity -- Rubinstein and Wolinsky (1990) -- Bounded rationality and uniqueness -- The Limit Principle -- Repeated games -- Limited memory -- Large anonymous games -- Non-anonymous games -- Bounded rationality -- Imitation and experimentation -- A behavioral model of competition -- Convergence to competitive prices -- Extensions |
| Summary |
"This book, written by contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of perfect competition." |
|
"Beginning with a concise survey of how the theory of competition has evolved, Gale makes extensive and rigorous use of dynamic matching and bargaining models to provide a more complete description of how a competitive equilibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-talking behavior, are taken for granted, Gale uses games theory to re-evaluate this assumption, beginning with individual agents and modelling their strategic interaction. A strategic foundation for competitive equilibrium shows how such interaction leads to competitive, price-talking behavior." |
|
"This book is essential reading for graduate courses in game theory and general equilibrium."--Jacket |
| Bibliography |
Includes bibliographical references (pages 208-213) and index |
| Notes |
English |
|
Print version record |
| Subject |
Competition
|
|
Equilibrium (Economics)
|
|
Game theory.
|
|
Game Theory
|
|
Economic Competition
|
|
BUSINESS & ECONOMICS -- Industries -- General.
|
|
Equilibrium (Economics)
|
|
Game theory.
|
|
Competition.
|
|
Competition
|
|
Equilibrium (Economics)
|
|
Game theory
|
|
Wettbewerbstheorie
|
|
Spieltheorie
|
|
Gleichgewichtstheorie
|
|
Economisch evenwicht.
|
|
Concurrentie.
|
|
Speltheorie.
|
|
Équilibre (économie politique)
|
|
Jeux, Théorie des.
|
| Form |
Electronic book
|
| ISBN |
0511011164 |
|
9780511011160 |
|
0511117442 |
|
9780511117442 |
|
9780511492310 |
|
0511492316 |
|
9780511051883 |
|
0511051883 |
|
0511152248 |
|
9780511152245 |
|
1280153768 |
|
9781280153761 |
|
