Economics and the Theory of Games
By (author) Fernando Vega-Redondo
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Economics and the Theory of Games by Fernando Vega-Redondo
Book DescriptionThis 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 covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.
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Book DetailsISBN: 9780521775908
(253mm x 177mm x 27mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Jul-2003
Country of Publication: United Kingdom
Books By Author Fernando Vega-Redondo
Complex Social Networks, Hardback (January 2007)
This 2007 book discusses the modern theory of complex networks in a systematic and self-contained fashion.
Economics and the Theory of Games, Hardback (July 2003)
This textbook is designed for students in economics seeking a self-contained approach to game theory.
Evolution, Games and Economic Behaviour, Paperback (September 1996)» View all books by Fernando Vega-Redondo
This graduate textbook covers recent developments in evolution theory with emphasis on economic contexts and applications. It includes the recent stochastic evolutionary framework that has been developed (and widely applied) in recent years.
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