GAME THEORY FOR APPLIED ECONOMISTS

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Game Theory For Applied Economists

Author : Robert Gibbons
ISBN : 1400835887
Genre : Business & Economics
File Size : 57.34 MB
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This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.
Category: Business & Economics

Game Theory For Applied Economists

Author : Robert Gibbons
ISBN : 9780691003955
Genre : Business & Economics
File Size : 22.48 MB
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Static Games of Complete Information - Basic Theory: Normal-Form Games and Nash Equilibrium - Advanced Theory: Mixed Strategies and Existence of Equilibrium - Dynamic Games of Complete Information - Dynamic Games of Complete and Perfect Information - Two-Stage Games of Complete but Imperfect Information - Repeated Games - Dynamic Games of Complete but Imperfect Information - Static Games of Incomplete Information - Theory: Static Bayesian Games and Bayesian Nash Equilibrium - Dynamic Games of Incomplete Information -
Category: Business & Economics

Calculus And Techniques Of Optimization With Microeconomic Applications

Author : John Hoag
ISBN : 9789812774934
Genre : Mathematics
File Size : 28.31 MB
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This textbook is designed as a guide for students of mathematical economics, with the aim of providing them with a firm foundation for further studies in economics. A substantial portion of the mathematical tools required for the study of microeconomics at the graduate level is covered, in addition to the standard elements of microeconomics and various applications. Theorems and definitions are clearly explained with numerous exercises to complement the text and to help the student better understand and master the principles of mathematical economics.
Category: Mathematics

Ad Hoc Networks Telecommunications And Game Theory

Author : Malek Benslama
ISBN : 9781119089001
Genre : Technology & Engineering
File Size : 22.42 MB
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Random SALOHA and CSMA protocols that are used to access MAC in ad hoc networks are very small compared to the multiple and spontaneous use of the transmission channel. So they have low immunity to the problems of packet collisions. Indeed, the transmission time is the critical factor in the operation of such networks. The simulations demonstrate the positive impact of erasure codes on the throughput of the transmission in ad hoc networks. However, the network still suffers from the intermittency and volatility of its efficiency throughout its operation, and it switches quickly to the saturation zone. In this context, game theory has demonstrated his ability to lead the network to a more efficient equilibrium. This, we were led to propose our model code set that formalizes the behavior of nodes during transmission within SALOHA networks and CSMA respectively.
Category: Technology & Engineering

The Handbook Of Organizational Economics

Author : Robert Gibbons
ISBN : 9780691132792
Genre : Business & Economics
File Size : 80.38 MB
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In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. This landmark book assembles the leading figures in organizational economics to present the first comprehensive view of both the current state of research in this fast-emerging field and where it might be headed. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more. The defining book on the subject, The Handbook of Organizational Economics is essential reading for researchers and students looking to understand this emerging field in economics. Presents the first comprehensive treatment of organizational economics Features contributions by leaders in the field Unifies and extends existing literatures Describes theoretical and empirical methods used today
Category: Business & Economics

Game Theory

Author : Nikolai N. Vorob'ev
ISBN : 9781461263418
Genre : Science
File Size : 49.19 MB
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The basis for this book is a number of lectures given frequently by the author to third year students of the Department of Economics at Leningrad State University who specialize in economical cybernetics. The main purpose of this book is to provide the student with a relatively simple and easy-to-understand manual containing the basic mathematical machinery utilized in the theory of games. Practical examples (including those from the field of economics) serve mainly as an interpretation of the mathematical foundations of this theory rather than as indications of their actual or potential applicability. The present volume is significantly different from other books on the theory of games. The difference is both in the choice of mathematical problems as well as in the nature of the exposition. The realm of the problems is somewhat limited but the author has tried to achieve the greatest possible systematization in his exposition. Whenever possible the author has attempted to provide a game-theoretical argument with the necessary mathematical rigor and reasonable generality. Formal mathematical prerequisites for this book are quite modest. Only the elementary tools of linear algebra and mathematical analysis are used.
Category: Science

Game Theory And Economic Modelling

Author : David M. Kreps
ISBN : 9780198283812
Genre : Mathematics
File Size : 26.9 MB
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This book examines why game theory has become such a popular tool of analysis. It investigates the deficiencies in this methodology and goes on to consider whether its popularity will fade or remain an important tool for economists. The book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. All those interested in the applications of game theory to economics, from undergraduates to academics will find this study of particular value.
Category: Mathematics

Applied Economics Business And Development

Author : Qingyuan Zhou
ISBN : 9783642230233
Genre : Computers
File Size : 38.93 MB
Format : PDF
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This four-volume-set (CCIS 208, 209, 210, 211) constitutes the refereed proceedings of the International Symposium on Applied Economics, Business and Development, ISAEBD 2011, held in Dalian, China, in August 2011. The papers address issues related to Applied Economics, Business and Development and cover various research areas including Economics, Management, Education and its Applications.
Category: Computers