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Addison-Wesley / Prentice Hall

Economics

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Game Theory with Economic Applications, 2/E
H. Scott BiermanCarleton College
Luis FernandezOberlin College

ISBN-10: 0201847582
ISBN-13:  9780201847581

Publisher:  Prentice Hall
Copyright:  1998
Format:  Paper; 452 pp
Published:  11/04/1997
Status: Instock


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Intended for upper-level undergraduates and MBA students, Game Theory with Economic Applications provides an introduction to the language and methods of game theory and to its use in understanding economics and social behavior.

  • NEW! A feature called “Game Theory in Action” presents real-world examples from media sources to support chapter concepts. The side bars report empirical and experimental evidence about the models discussed in the text.
  • NEW! Extensively reorganized, the second edition allows professors to introduce game theory the first day of class with the Prisoner’s Dilemma and Battle of the Sexes.
  • NEW! Extensively rewritten applications place greater emphasis on the game theoretical analysis.
  • NEW! Dynamic Games with Incomplete Information appears in Part V, and was extensively revised and made accessible for undergraduate students.
  • Each of the five parts in the book begins with a core theory chapter followed by several chapters devoted to economic applications.
  • Chapter summaries and new terminology are highlighted to reiterate new concepts and terminology previously introduced.

I. STATIC GAMES WITH COMPLETE INFORMATION.

 1. Nash Equilibrium.

 2. Oligopoly.

 3. Strategic Trade Policy.

 4. Property Rights and Efficiency.

 5. Voting Games.

II. DYNAMIC GAMES WITH COMPLETE INFORMATION.

 6. Subgame Perfect Equilibrium.

 7. Bargaining.

 8. Time-Consistent Macroeconomy Policy.

 9. Repeated Games and Dynamic Competition.

III. GAMES WITH UNCERTAIN OUTCOMES.

10. Uncertainty and Expected Utility.

11. Moral Hazard and Incomplete Insurance.

12. Moral Hazard and Involuntary Unemployment.

IV. STATIC GAMES WITH INCOMPLETE INFORMATION.

13. Bayesian Nash Equilibrium.

14. Auctions.

V. DYNAMIC GAMES WITH INCOMPLETE INFORMATION.

15. Perfect Bayesian Equilibrium.

16. Bargaining with Private Information.

17. Corporate Takeovers and Greenmail.

18. Adverse Selection and Credit Rationing.

19. Limit Pricing and Entry Deterrence.

20. Cartel Enforcement.

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