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Economic Organizations as Games (Paperback)

Ken Binmore

Edité par John Wiley and Sons Ltd, United Kingdom, 1991
ISBN 10: 0631168885 / ISBN 13: 9780631168881
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Titre : Economic Organizations as Games (Paperback)

Éditeur : John Wiley and Sons Ltd, United Kingdom

Date d'édition : 1991

Reliure : Paperback

Etat du livre : New

Edition : Reprint.

Description :

Language: English . Brand New Book. Economists have in recent years found the theory of games to be an attractive route for exploring imperfectly competitive markets. In this collection of articles, some of the best minds in contemporary economics on both sides of the Atlantic xplore both the potential and the limitations of this theoretical framework. In a lengthy introduction, the editors conduct a comprehensive survey of the hypothesis of game theory and its goals which provides a unique perspective on the subject. At the same time, they warn the theory is not sufficiently well developed to provide an analysis of all games. The papers which follow fall into three sections: equilibrium theory, imperfect competition and the design of organizations. Together they explore and illustrate many aspects of the economic application of game theory in industrial organization. N° de réf. du libraire AAH9780631168881

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Synopsis : Economists have in recent years found the theory of games to be anattractive route for exploring imperfectly competitive markets. Inthis collection of articles, some of the best minds in contemporaryeconomics on both sides of the Atlantic xplore both the potentialand the limitations of this theoretical framework.

In a lengthy introduction, the editors conduct a comprehensivesurvey of the hypothesis of game theory and its goals whichprovides a unique perspective on the subject. At the same time,they warn the theory is not sufficiently well developed to providean analysis of all games.

The papers which follow fall into three sections: equilibriumtheory, imperfect competition and the design of organizations.Together they explore and illustrate many aspects of the economicapplication of game theory in industrial organization.

Critique: "This volume brings together a number of important recent papers ongame theory and its application to imperfect competition andincentives". Alan Brandenburger, Economica

"Like all good collections, it has the virtue of providing thenon?specialist with an up?to?date review of the literature. Thebook is well produced and contains a very good bibliography".R.Rothschild, British Book News

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