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General Equilibrium and Game Theory

2016-01-04 Business & Economics
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Release : 2016-01-04
Genre : Business & Economics
Kind : eBook
Book Rating : 734/5 ( reviews)

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Book Synopsis General Equilibrium and Game Theory by : Andreu Mas-Colell

Download or read book General Equilibrium and Game Theory written by Andreu Mas-Colell. This book was released on 2016-01-04. Available in PDF, EPUB and Kindle. Book excerpt: Andreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. This volume presents the papers that solidified his standing as one of the preeminent economic theorists of our time. It also is invaluable for anyone wishing to study the craft of a master of economic modeling.

Game-Theoretic Methods in General Equilibrium Analysis

2013-04-18 Business & Economics
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Release : 2013-04-18
Genre : Business & Economics
Kind : eBook
Book Rating : 560/5 ( reviews)

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Book Synopsis Game-Theoretic Methods in General Equilibrium Analysis by : J.F. Mertens

Download or read book Game-Theoretic Methods in General Equilibrium Analysis written by J.F. Mertens. This book was released on 2013-04-18. Available in PDF, EPUB and Kindle. Book excerpt: JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game.

Strategic Foundations of General Equilibrium

2000-08-15 Business & Economics
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Release : 2000-08-15
Genre : Business & Economics
Kind : eBook
Book Rating : 105/5 ( reviews)

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Book Synopsis Strategic Foundations of General Equilibrium by : Douglas Gale

Download or read book Strategic Foundations of General Equilibrium written by Douglas Gale. This book was released on 2000-08-15. Available in PDF, EPUB and Kindle. Book excerpt: The theory of competition has held a central place in economic analysis since Adam Smith. This book, written by one of the most distinguished of 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 equlibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-taking behavior, are taken for granted, Gale uses game 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-taking behavior. Essential reading for graduate courses in game theory and general equilibrium.

Decisions, Games and Markets

2012-12-06 Business & Economics
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Release : 2012-12-06
Genre : Business & Economics
Kind : eBook
Book Rating : 372/5 ( reviews)

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Book Synopsis Decisions, Games and Markets by : Pierpaolo Battigalli

Download or read book Decisions, Games and Markets written by Pierpaolo Battigalli. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets. Though its orientation is primarily methodological, some articles are more applied. The consistent use of formal analysis and methodological individualism constitutes the unifying theme of the book. Decisions, Games and Markets will be of considerable interest to both students and teachers of microeconomics and game and decision theory.

Strategic Foundations of General Equilibrium

2000-08-28 Business & Economics
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Release : 2000-08-28
Genre : Business & Economics
Kind : eBook
Book Rating : 306/5 ( reviews)

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Book Synopsis Strategic Foundations of General Equilibrium by : Douglas Gale

Download or read book Strategic Foundations of General Equilibrium written by Douglas Gale. This book was released on 2000-08-28. Available in PDF, EPUB and Kindle. Book excerpt: The theory of competition has held a central place in economic analysis since the time of Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of competition. Making use of insights from game theory, search theory and bargaining theory, the author develops a model to explain what actually goes on in markets and how a competitive general equilibrium is achieved. Essential reading for graduate courses in game theory and general equilibrium.

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