Strategic foundations of general equilibrium: dynamic matching and bargaining games
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Bibliographische Detailangaben
1. Verfasser: Gale, Douglas (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge Cambridge University Press 2000
Schriftenreihe:Churchill lectures in economics
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Beschreibung:Includes bibliographical references (pages 208-213) and index
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
"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
Beschreibung:1 Online-Ressource (xi, 219 pages)
ISBN:0511011164
0511117442
0511492316
0521643309
0521644100
9780511011160
9780511117442
9780511492310
9780521643306
9780521644105

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