Economic Organizations as Games - Softcover

Binmore, Ken

Softcover

ISBN 10: 0631168885 ISBN 13: 9780631168881

Publisher: John Wiley & Sons, 1989

Synopsis

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 explore 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. "This volume brings together a number of important recent papers on game theory and its application to imperfect competition and incentives". Alan Brandenburger, Economica "Like all good collections, it has the virtue of providing the non-specialist with an up-to-date review of the literature. The book is well produced and contains a very good bibliography". R.Rothschild, British Book News

About this title

Review

"This volume brings together a number of important recent papers on game theory and its application to imperfect competition and incentives". Alan Brandenburger, Economica "Like all good collections, it has the virtue of providing the non--specialist with an up--to--date review of the literature. The book is well produced and contains a very good bibliography". R.Rothschild, British Book News

Synopsis

In recent years economists have found the theory of games to be an attractive route for exploring imperfectly competitive markets. This collection of articles explores both the potential and the limitations of this theoretical framework. The editiors conduct a comprehensive survey of the hypotheses of game theory and its goals. At the same time, they warn that the theory is not sufficiently well developed to provide an analysis of all games. Three further sections discuss 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 organizations.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 1989
• ISBN 10: 0631168885
• ISBN 13: 9780631168881
• Binding: Paperback
• Edition number: 1
• Number of pages: 228