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A Dynamic Theory Of Conjectural Variations
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Book Synopsis Theory of Conjectural Variations by : Charles Figuieres
Download or read book Theory of Conjectural Variations written by Charles Figuieres and published by World Scientific. This book was released on 2004 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: We have witnessed in recent years a revival of Conjectural Variations in Game Theory. This reincarnation of an old idea, using a dynamic point of view, aims at combining the adequacy with facts to the requirements of a firmly grounded theory.This book presents, for the first time, a comprehensive account of conjectural variations equilibria in their static inceptions, featuring new comparative results of equilibria with regard to efficiency. It then describes several advances in Dynamic Game Theory, allowing to understand Conjectural Variations Equilibria as dynamic equilibria. The question of how conjectures evolve in strategic and learning situations with boundedly rational agents is also discussed.
Book Synopsis Game Theory in International Economics by : J. McMillan
Download or read book Game Theory in International Economics written by J. McMillan and published by Taylor & Francis. This book was released on 2013-06-17 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives an early demonstration of applications of game theory to international economics - applications that were to transform this area during the 1990s.
Book Synopsis Differential Games in Industrial Economics by : Luca Lambertini
Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by . This book was released on 2018-04-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.
Book Synopsis A Survey of Dynamic Games in Economics by : Ngo Van Long
Download or read book A Survey of Dynamic Games in Economics written by Ngo Van Long and published by World Scientific. This book was released on 2010 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Book Synopsis Oligopoly, the Environment and Natural Resources by : Luca Lambertini
Download or read book Oligopoly, the Environment and Natural Resources written by Luca Lambertini and published by Routledge. This book was released on 2013-08-21 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial production and consumption patterns rely heavily on the intensive use of both renewable and non-renewable resources and the consequences for the environment can be serious. Following a long period of time where the profit incentives of firms have prevailed over preservation of the environment and the world’s natural resources, a new consensus has emerged concerning the need to regulate firm behaviour, aimed at ensuring the sustainability of the economic system in the long run. This book offers an exhaustive overview of current economic debate about these topics, taking modern oligopoly theory as a benchmark. The first part of the book covers static models dealing with incentives for green research and development, Pigovian taxation, cartels, environmental quality and international trade, as well as the role of corporate social responsibility, public firms and consumer environmental awareness as endogenous regulatory instruments. Then, the author moves on to examine the role of time while drawing from optimal control and differential game theory. This opens the way to the discussion of fair discount rates to ensure the welfare of future generations, as well as the long run sustainability of production and consumption patterns.
Book Synopsis Differential Games in Economics and Management Science by : Engelbert Dockner
Download or read book Differential Games in Economics and Management Science written by Engelbert Dockner and published by Cambridge University Press. This book was released on 2000-11-16 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, self-contained survey of the theory and applications of differential games, one of the most commonly used tools for modelling and analysing economics and management problems which are characterised by both multiperiod and strategic decision making. Although no prior knowledge of game theory is required, a basic knowledge of linear algebra, ordinary differential equations, mathematical programming and probability theory is necessary. Part One presents the theory of differential games, starting with the basic concepts of game theory and going on to cover control theoretic models, Markovian equilibria with simultaneous play, differential games with hierarchical play, trigger strategy equilibria, differential games with special structures, and stochastic differential games. Part Two offers applications to capital accumulation games, industrial organization and oligopoly games, marketing, resources and environmental economics.
Book Synopsis Dynamic Games: Theory and Applications by : Alain Haurie
Download or read book Dynamic Games: Theory and Applications written by Alain Haurie and published by Springer Science & Business Media. This book was released on 2005-05-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic games continue to attract strong interest from researchers interested in modelling competitive as well as conflict situations exhibiting an intertemporel aspect. Applications of dynamic games have proven to be a suitable methodology to study the behaviour of players (decision-makers) and to predict the outcome of such situations in many areas including engineering, economics, management science, military, biology and political science. Dynamic Games: Theory and Applications collects thirteen articles written by established researchers. It is an excellent reference for researchers and graduate students covering a wide range of emerging and revisited problems in both cooperative and non-cooperative games in different areas of applications, especially in economics and management science.
Book Synopsis Trade Policies for International Competitiveness by : Robert C. Feenstra
Download or read book Trade Policies for International Competitiveness written by Robert C. Feenstra and published by University of Chicago Press. This book was released on 2008-04-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once unquestionably the world's leading economic and industrial power, the United States now views with growing dismay the impressive industrial efficiency, vigorous work ethics, and large American holdings of various other nations. Is the United States truly lagging in its ability to compete effectively in world markets? Concern over this question has been voiced in both the business and government sectors, as well as by academic economists. A recent conference, sponsored by the National Bureau of Economic Research, explored the effects of trade policies on a nation's ability to compete in international markets. In Trade Policies for International Competitiveness, Robert C. Feenstra collects seven papers from the conference, each accompanied by discussants' comments, and adds a helpful introduction. Some of the issues considered by contributors are effects of macroeconomic and strategic foreign policies on competitiveness; the recent influx of foreign direct investment in the United States, primarily from Japan; the extent to which Japanese trade patterns are a reflection of underlying factor and endowments rather than trade barriers; and the market structure of Canadian industries, including applications for ongoing U.S.-Canadian free trade negotiations. Topical and provocative, these papers will be of value to economists, policymakers, and those in the business world.
Book Synopsis Monopsonistic Labour Markets and the Gender Pay Gap by : Boris Hirsch
Download or read book Monopsonistic Labour Markets and the Gender Pay Gap written by Boris Hirsch and published by Springer Science & Business Media. This book was released on 2010-04-05 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap.
Book Synopsis Industrial Organization in Context by : Stephen Martin
Download or read book Industrial Organization in Context written by Stephen Martin and published by Oxford University Press, USA. This book was released on 2010-04-22 with total page 1021 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Organization in Context examines the economics of markets, industries and their participants and public policy towards these entities. It takes an international approach and incorporates discussion of experimental tests of economic models.
Book Synopsis Dynamics of Industry Growth by : Jati Sengupta
Download or read book Dynamics of Industry Growth written by Jati Sengupta and published by Springer Science & Business Media. This book was released on 2012-05-02 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavior of households and firms in general equilibrium framework. The emphasis here is on industry growth, where the microfoundations of industry are analyzed in terms of economic efficiency. The various linkages which link firm growth with the industry growth are discerned here under various market structures both competitive and monopolistic. The role of information in facilitating market signals and allowing the adoption of new processes has been especially emphasized in this volume. Many issues of market failure and the suboptimality of competitive equilibria are due to incomplete and imperfect information structures and we need a comprehensive theory of information structures underlying the process of industry growth and its dynamics. This book will be of interest to economists studying economic and industry growth and innovation.
Book Synopsis Quiet Pioneering by : Keith Eugene Maskus
Download or read book Quiet Pioneering written by Keith Eugene Maskus and published by University of Michigan Press. This book was released on 1997 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A salute to Stern by his intellectual children and grandchildren
Book Synopsis The Journal of industrial economics by :
Download or read book The Journal of industrial economics written by and published by . This book was released on 1992 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Subgame Consistent Economic Optimization by : David W.K. Yeung
Download or read book Subgame Consistent Economic Optimization written by David W.K. Yeung and published by Springer Science & Business Media. This book was released on 2011-12-06 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.
Book Synopsis Oligopoly Theory by : James Friedman
Download or read book Oligopoly Theory written by James Friedman and published by CUP Archive. This book was released on 1983-09-30 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.
Book Synopsis Journal of Institutional and Theoretical Economics by :
Download or read book Journal of Institutional and Theoretical Economics written by and published by . This book was released on 2005 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Theory of Conjectural Variations by : Charles Figuieres
Download or read book Theory of Conjectural Variations written by Charles Figuieres and published by World Scientific. This book was released on 2004 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: We have witnessed in recent years a revival of Conjectural Variations in Game Theory. This reincarnation of an old idea, using a dynamic point of view, aims at combining the adequacy with facts to the requirements of a firmly grounded theory. This book presents, for the first time, a comprehensive account of conjectural variations equilibria in their static inceptions, featuring new comparative results of equilibria with regard to efficiency. It then describes several advances in Dynamic Game Theory, allowing to understand Conjectural Variations Equilibria as dynamic equilibria. The question of how conjectures evolve in strategic and learning situations with boundedly rational agents is also discussed. Contents: Static Conjectural Variations Equilibria: Initial Concepts; Conjectures as Reduced Forms for Dynamic Interactions; Consistent Conjectures in Dynamic Settings; Dynamic Conjectures, Incomplete Information and Learning. Readership: Graduate students, lecturers and researchers in mathematical economics and game theory.
