Economics and the Theory of Games | Mathematics

Product Description

This textbook offers a systematic self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations the discussion proceeds by studying basic solution concepts their main refinements games played under incomplete information and repeated games. For each of these theoretical developments there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics e.g. oligopolistic competition public goods coordination failures bargaining insurance markets implementation theory signaling and auctions. The theory and applications co…