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Author : Tatsuro Ichiishi
Publisher : Elsevier
Page : 164 pages
File Size : 41,8 Mb
Release : 2014-06-28
Category : Mathematics
ISBN : 9781483295060
Game Theory for Economic Analysis
Author : Christian Schmidt
Publisher : Routledge
Page : 202 pages
File Size : 49,7 Mb
Release : 2002-06-20
Category : Business & Economics
ISBN : 9781134511181
This book presents the huge variety of current contributions of game theory to economics. The reader is taken through a concise history of game theory and exposed to original pieces of work that are significant to game theory as a whole.
Author : Schmidt
Publisher : Unknown
Page : 256 pages
File Size : 42,6 Mb
Release : 2004
Category : Electronic
ISBN : 1858985102
Author : David M. Kreps
Publisher : Oxford University Press
Page : 204 pages
File Size : 40,7 Mb
Release : 1990
Category : Mathematics
ISBN : 9780198283812
Comprises lectures given at Tel Aviv University and Oxford University in 1990.
Author : Sanjit Dhami
Publisher : Unknown
Page : 459 pages
File Size : 52,9 Mb
Release : 2019-06-27
Category : Electronic
ISBN : 9780198847250
This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological gametheory.This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests inbehavioural economics.
Author : Jean-Pierre Aubin
Publisher : Courier Corporation
Page : 658 pages
File Size : 40,9 Mb
Release : 2007-01-01
Category : Mathematics
ISBN : 9780486462653
Mathematical economics and game theory approached with the fundamental mathematical toolbox of nonlinear functional analysis are the central themes of this text. Both optimization and equilibrium theories are covered in full detail. The book's central application is the fundamental economic problem of allocating scarce resources among competing agents, which leads to considerations of the interrelated applications in game theory and the theory of optimization. Mathematicians, mathematical economists, and operations research specialists will find that it provides a solid foundation in nonlinear functional analysis. This text begins by developing linear and convex analysis in the context of optimization theory. The treatment includes results on the existence and stability of solutions to optimization problems as well as an introduction to duality theory. The second part explores a number of topics in game theory and mathematical economics, including two-person games, which provide the framework to study theorems of nonlinear analysis. The text concludes with an introduction to non-linear analysis and optimal control theory, including an array of fixed point and subjectivity theorems that offer powerful tools in proving existence theorems.
Author : Robert Dorfman,Paul A. Samuelson,Robert M. Solow
Publisher : Courier Corporation
Page : 719 pages
File Size : 46,5 Mb
Release : 2012-10-10
Category : Mathematics
ISBN : 9780486142111
Designed primarily for economists and those interested in management economics who are not necessarily accomplished mathematicians, this text offers a clear, concise exposition of the relationship of linear programming to standard economic analysis. The research and writing were supported by The RAND Corporation in the late 1950s. Linear programming has been one of the most important postwar developments in economic theory, but until publication of the present volume, no text offered a comprehensive treatment of the many facets of the relationship of linear programming to traditional economic theory. This book was the first to provide a wide-ranging survey of such important aspects of the topic as the interrelations between the celebrated von Neumann theory of games and linear programming, and the relationship between game theory and the traditional economic theories of duopoly and bilateral monopoly. Modern economists will especially appreciate the treatment of the connection between linear programming and modern welfare economics and the insights that linear programming gives into the determinateness of Walrasian equilibrium. The book also offers an excellent introduction to the important Leontief theory of input-output as well as extensive treatment of the problems of dynamic linear programming. Successfully used for three decades in graduate economics courses, this book stresses practical problems and specifies important concrete applications.
Author : Reinhard Selten (Economist, Germany)
Publisher : Edward Elgar Publishing
Page : 924 pages
File Size : 50,5 Mb
Release : 1999-03-24
Category : Electronic
ISBN : 1781008299
'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.
Author : Partha Dasgupta
Publisher : MIT Press
Page : 666 pages
File Size : 50,8 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262041278
These original essays focus on a wide range of topics related to Frank Hahn'sdistinguished work in economics. Ranging from market analysis and game theory to the microeconomicfoundations of macroeconomics and from equilibrium and optimality with missing markets to economicsand society, they reflect the diversity of modem research in economic theory. What distinguishesHahn's work and many of the essays in this book is that the motivation often comes from practicalconcerns about unemployment, savings and investment, poverty, or the stability of markets.The essaysin Part I deal with the microeconomic foundations of macroeconomics - a field in which Hahn has madeimportant contributions, most notably in the theory of monetary economics. Topics include anevaluation of Hahn's contribution to the theory of distribution and such macroeconomic themes ascoordination failure, multiple equilibria, and strategic issues.Part II contains recentcontributions to game theory reflecting Hahn's interest in the question of what is rationalbehavior. The essays in Part III concentrate on general-equilibrium theory with missing markets, afield in which Hahn has made major advances. Although the essays address a different set of issues,they share with Hahn's works such themes as market failure, indeterminacy of equilibrium, and therole of money.Partha Dasgupta is Professor of Economics at Cambridge University. Douglas Gale isProfessor of Economics at Boston University. Oliver Hart is Professor of Economics at theMassachusetts Institute of Technology. Eric Maskin is Professor of Economics at HarvardUniversity.
Author : John Cirace
Publisher : Lexington Books
Page : 474 pages
File Size : 44,7 Mb
Release : 2018-04-16
Category : Business & Economics
ISBN : 9781498549097
This book uses game theory to explain conflict between individual self-interested behavior and cooperation in economic markets, lawsuits, and legislative bodies. It demonstrates the need for social regulation in addition to free markets and judicial decisions in common law cases.
Author : Raimo P. Hämäläinen,Harri Kalevi Ehtamo
Publisher : Springer
Page : 336 pages
File Size : 54,6 Mb
Release : 1991
Category : Business & Economics
ISBN : UOM:39015021819738
Author : Christian Funke
Publisher : GRIN Verlag
Page : 65 pages
File Size : 51,6 Mb
Release : 2007-06-25
Category : Finance
ISBN : 9783638646123
Seminar paper from the year 2003 in the subject Business economics - Investment and Finance, printed single-sided, grade: 1,0 (A), European Business School - International University Schloss Reichartshausen Oestrich-Winkel (Department for Corporate Finance and Capital Markets), course: Seminar International Corporate Finance, 50 entries in the bibliography, language: English, abstract: The groundbreaking work of MODIGLIANI & MILLER (MM) introduced the rigors of economic analysis to financial research. This is generally considered the beginning point of modern managerial finance. Their first economic models were challenged by financial practitioners for being overly simplistic in their assumptions and, therefore, lacking real world application value. MM acknowledged and addressed this fact in their first paper. Later models relaxed some assumptions, such as symmetric information or complete contracts, while trying to retain an explanatory value in the spirit of the original MM papers. This incorporation of more realistic elements, such as strategic interaction and asymmetric information, brought several problems to financial economists' models: they required a lot of definitions, became even more complex and were not easily comparable. Game theory provided a solution for those problems in its first applications to economics in the 70s and 80s: a set of common definitions and a basic language to guarantee comparability and empirical testability of financial models using game theoretic concepts. Nowadays, there are few issues in finance research which have not been modeled by applying game theoretic concepts, and therefore it is crucial to be familiar with the basics of game theory and its application in finance. The objective of this paper is to provide an intuitive approach to game theory in finance by first giving an overview of the basic foundations of game theory, and then providing a survey of some selected applications most relevant to the financial practitioner."
Author : Alexandre C. Ziegler
Publisher : Springer Science & Business Media
Page : 183 pages
File Size : 48,7 Mb
Release : 2012-11-02
Category : Business & Economics
ISBN : 9783540246909
Modern option pricing theory was developed in the late sixties and early seventies by F. Black, R. e. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. How ever, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default risk structure of cor porate bonds can be determined by option pricing techniques. Option pricing models are now used to price virtually the full range of financial instruments and financial guarantees such as deposit insurance and collateral, and to quantify the associated risks. Over the years, option pricing has evolved from a set of specific models to a general analytical framework for analyzing the production process of financial contracts and their function in the financial intermediation process in a continuous time framework. However, very few attempts have been made in the literature to integrate game theory aspects, i. e. strategic financial decisions of the agents, into the continuous time framework. This is the unique contribution of the thesis of Dr. Alexandre Ziegler. Benefiting from the analytical tractability of contin uous time models and the closed form valuation models for derivatives, Dr.
Author : Roger B. Myerson
Publisher : Harvard University Press
Page : 585 pages
File Size : 48,8 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9780674728615
Eminently suited to classroom use as well as individual study, Roger Myerson's introductory text provides a clear and thorough examination of the models, solution concepts, results, and methodological principles of noncooperative and cooperative game theory. Myerson introduces, clarifies, and synthesizes the extraordinary advances made in the subject over the past fifteen years, presents an overview of decision theory, and comprehensively reviews the development of the fundamental models: games in extensive form and strategic form, and Bayesian games with incomplete information.
Author : Douglas G. Baird,Robert H. Gertner,Randal C. Picker
Publisher : Harvard University Press
Page : 348 pages
File Size : 46,9 Mb
Release : 1994
Category : Law
ISBN : 0674341112
This book is the first to apply the tools of game theory and information economics to advance our understanding of how laws work. Organized around the major solution concepts of game theory, it shows how such well known games as the prisoner's dilemma, the battle of the sexes, beer-quiche, and the Rubinstein bargaining game can illuminate many different kinds of legal problems. Game Theory and the Law highlights the basic mechanisms at work and lays out a natural progression in the sophistication of the game concepts and legal problems considered.