{"product_id":"economics-and-the-theory-of-games-paperback-9780521775908","title":"Economics and the Theory of Games (Paperback) 9780521775908","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eEconomics and the Theory of Games\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis textbook is designed for students in economics seeking a self-contained approach to game theory.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eFernando Vega-Redondo (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521775908, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 28 July 2003\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e528 pages, 84 b\/w illus.  55 tables  227 exercises\u003cbr\u003e25.2 x 18 x 2.9 cm, 0.83 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. Theoretical Framework: 1. Introduction and examples\u003cbr\u003e 2. The representation of a game in extensive form\u003cbr\u003e 3. The representation of a game in strategic form\u003cbr\u003e 4. The mixed extension of a game\u003cbr\u003e 5. Mixed and behavioral strategies\u003cbr\u003e 6. Representation in coalition form\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part II. Strategic-Form Analysis: Theory: 7. Dominance and iterative dominance\u003cbr\u003e 8. Nash equilibrium\u003cbr\u003e 9. Zero-sum bilateral games\u003cbr\u003e 10. Nash equilibrium: formal existence results\u003cbr\u003e 11. Strong and coalition-proof equilibrium\u003cbr\u003e 12. Correlated equilibrium\u003cbr\u003e 13. Rationalizability\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part III. Strategic-Form Analysis: Applications: 14. Oligopoly (I): static models\u003cbr\u003e 15. Mechanism design (I): efficient allocation of public goods\u003cbr\u003e 16. Mechanism design (II): Nash implementation\u003cbr\u003e 17. Markets (I): macroeconomic coordination failures\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part IV. Refinements of Nash Equilibrium: Theory: 18. Introduction\u003cbr\u003e 19. Refinements excluding 'incredible threats': examples\u003cbr\u003e 20. Subgame-perfect equilibrium\u003cbr\u003e 21. Weak-perfect Bayesian equilibrium\u003cbr\u003e 22. Refinements excluding 'untenable beliefs': examples\u003cbr\u003e 23. Sequential equilibrium\u003cbr\u003e 24. Perfect and proper equilibria\u003cbr\u003e 25. Strategic-form refinements\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part V. Refinements of Nash Equilibrium: Applications: 26. Oligopoly (II): sequential moves\u003cbr\u003e 27. Markets (II): decentralized price formation\u003cbr\u003e 28. Oligopoly (III): differentiated products\u003cbr\u003e 29. Mechanism design (III): efficient allocation of an indivisible object\u003cbr\u003e Summary, Exercises\u003cbr\u003e Part VI. Incomplete Information: Theory: 30. Introduction and examples\u003cbr\u003e 31. Bayesian games\u003cbr\u003e 32. Bayes-Nash equilibrium\u003cbr\u003e 33. Signalling games\u003cbr\u003e 34. Mixed strategies revisited: a purification approach\u003cbr\u003e 35. Forward induction\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part VII. Incomplete Information: Applications: 36. Markets (III): signalling in the labor market\u003cbr\u003e 37. Markets (IV): insurance markets and adverse selection\u003cbr\u003e 38. Mechanism design (IV): one-sided auctions\u003cbr\u003e 39. Mechanism design (V): buyer-seller trade\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part VIII. Repeated Interaction: Theory: 40. Introduction and examples\u003cbr\u003e 41. Repeated games: basic theoretical framework\u003cbr\u003e 42. Folk theorems: Nash equilibrium\u003cbr\u003e 43. Reputation and 'irrationality': informal discussion\u003cbr\u003e 44. Folk theorems: subgame=perfect equilibrium\u003cbr\u003e 45. Reputation and 'irrationality': formal analysis\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part IX. Repeated Interaction: Applications: 46. Oligopoly (IV): intertemporal collusion in a Cournot scenario\u003cbr\u003e 47. Oligopoly (V): intertemporal collusion in a Bertrand scenario\u003cbr\u003e 48. Markets (V): efficiency, wages and unemployment\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part X. Evolutionary Foundations of Equilibrium: 49. Introduction\u003cbr\u003e 50. Static analysis\u003cbr\u003e 51. Basic dynamic analysis\u003cbr\u003e 52. Evolution in social environments\u003cbr\u003e 53. The evolution of cooperation: an example\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part XI. Learning to Play: 54. Introduction\u003cbr\u003e 55. Reinforcement learning\u003cbr\u003e 56. Static perceptions and Nash equilibrium\u003cbr\u003e 57. Memory, expectations and foresight\u003cbr\u003e Summary\u003cbr\u003e Exercises\u003cbr\u003e Part XII. Social Learning and Equilibrium Selection: 58. Introduction\u003cbr\u003e 59. Evolutionary games: theoretical framework\u003cbr\u003e 60. Evolutionary games: alternative scenarios\u003cbr\u003e 61. Stochastic stability and equilibrium selection\u003cbr\u003e 62. Experimental evidence\u003cbr\u003e 63. Perturbed Markov processes: basic concepts and techniques\u003cbr\u003e 64. Reinforcement learning with flexible aspirations\u003cbr\u003e Summary\u003cbr\u003e Exercises.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e], Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e], Political science \u0026amp; theory [\u003ca title=\"See our other books on Political science \u0026amp; theory\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20science%20\u0026amp;%20theory%20%5BJPA%5D%22\"\u003eJPA\u003c\/a\u003e], Psychology [\u003ca title=\"See our other books on Psychology\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Psychology%20%5BJM%5D%22\"\u003eJM\u003c\/a\u003e], Sociology \u0026amp; anthropology [\u003ca title=\"See our other books on Sociology \u0026amp; anthropology\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Sociology%20\u0026amp;%20anthropology%20%5BJH%5D%22\"\u003eJH\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005270610200,"sku":"9780521775908","price":48.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521775908i_39d18ace-de89-48bd-ae74-db0214513a8a.jpg?v=1691367820","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/economics-and-the-theory-of-games-paperback-9780521775908","provider":"Freshly Printed Books","version":"1.0","type":"link"}