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Game Theory with Applications to Economics






Publisher:  Oxford University Press, Incorporated
Summary: This comprehensive new text is an excellent introduction to game theory, acessible to undergraduate and graduate students with a moderate background in mathematics. Using examples from both economics and politics, it covers cooperative and non-cooperative game theory illustrating the breadth and depth of its influence on economics. The book begins with an introduction to the subject, followed by a chapter on two-pers...on zero-sum games with (Nash) noncooperative equilibrium for n-person noncooperative games, touching on both uniqueness of equilibrium and on games of incomplete information. Middle chapters treat the most recent material on noncooperative supergames and trigger strategy equilibria, cooperation supported by self-enforcing agreements, and refinements of the Nash noncooperative equilibrium such as perfect equilibrium and sequential equilibrium. Later chapters cover two person cooperative games and solution concepts for cooperative games having transferable utility. The final chapter deals with the generalizations of the core and the Shapley value to nontransferable utility games. Realistic examples and problems from economic literature appear in every chapter, illustrating the wide scope of the theory's applications in economics.

Friedman, James W. is the author of Game Theory with Applications to Economics, published under ISBN 9780195036602 and 0195036603. Three Game Theory with Applications to Economics textbooks are available for sale on ValoreBooks.com, two used from the cheapest price of $15.19, or buy new starting at $31.75.
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ISBN-13: 9780195036602

ISBN: 0195036603

Publisher: Oxford University Press, Incorporated
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