Buch, Englisch, 232 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 336 g
Dynamic Matching and Bargaining Games
Buch, Englisch, 232 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 336 g
Reihe: Churchill Lectures in Economics
ISBN: 978-0-521-64410-5
Verlag: Cambridge University Press
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.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
1. Markets and games; 2. Perfect competition; 3. Continuity and anonymity; 4. Bounded rationality; 5. Afterthoughts.
