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Bestseller
BestsellerE-book
Author Gale, Douglas.

Title Strategic foundations of general equilibrium : dynamic matching and bargaining games / Douglas Gale.

Publication Info. Cambridge ; New York : Cambridge University Press, 2000.

Item Status

Description 1 online resource (xi, 219 pages) : illustrations.
Physical Medium polychrome
Description text file
Series Churchill lectures in economic theory
Churchill lectures in economics.
Bibliography Includes bibliographical references (pages 208-213) and index.
Contents 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 -- 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 -- 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.
Summary "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.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Competition.
Competition.
Equilibrium (Economics)
Equilibrium (Economics)
Game theory.
Game theory.
Genre/Form Electronic books.
Other Form: Print version: Gale, Douglas. Strategic foundations of general equilibrium. Cambridge ; New York : Cambridge University Press, 2000 0521643309 (DLC) 99462249 (OCoLC)43246099
ISBN 0511011164 (electronic book)
9780511011160 (electronic book)
0511117442 (electronic book)
9780511117442 (electronic book)
9780511492310 (electronic book)
0511492316 (electronic book)
9780511051883 (electronic book)
0511051883 (electronic book)
0511152248
9780511152245
1280153768
9781280153761
0521644100
9780521644105
9780521643306
0521643309