Economic Analysis Of Markets And Games

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Economic Analysis of Markets and Games

Author : Partha Dasgupta
Publisher : MIT Press
ISBN 13 : 9780262041270
Total Pages : 666 pages
Book Rating : 4.0/5 (412 download)

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Book Synopsis Economic Analysis of Markets and Games by : Partha Dasgupta

Download or read book Economic Analysis of Markets and Games written by Partha Dasgupta and published by MIT Press. This book was released on 1992 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: These original essays focus on a wide range of topics related to Frank Hahn'sdistinguished work in economics. Ranging from market analysis and game theory to the microeconomicfoundations of macroeconomics and from equilibrium and optimality with missing markets to economicsand society, they reflect the diversity of modem research in economic theory. What distinguishesHahn's work and many of the essays in this book is that the motivation often comes from practicalconcerns about unemployment, savings and investment, poverty, or the stability of markets.The essaysin Part I deal with the microeconomic foundations of macroeconomics - a field in which Hahn has madeimportant contributions, most notably in the theory of monetary economics. Topics include anevaluation of Hahn's contribution to the theory of distribution and such macroeconomic themes ascoordination failure, multiple equilibria, and strategic issues.Part II contains recentcontributions to game theory reflecting Hahn's interest in the question of what is rationalbehavior. The essays in Part III concentrate on general-equilibrium theory with missing markets, afield in which Hahn has made major advances. Although the essays address a different set of issues,they share with Hahn's works such themes as market failure, indeterminacy of equilibrium, and therole of money.Partha Dasgupta is Professor of Economics at Cambridge University. Douglas Gale isProfessor of Economics at Boston University. Oliver Hart is Professor of Economics at theMassachusetts Institute of Technology. Eric Maskin is Professor of Economics at HarvardUniversity.

Game Theory and Economic Analysis

Author : Christian Schmidt
Publisher : Routledge
ISBN 13 : 1134511183
Total Pages : 202 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Game Theory and Economic Analysis by : Christian Schmidt

Download or read book Game Theory and Economic Analysis written by Christian Schmidt and published by Routledge. This book was released on 2002-06-20 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the huge variety of current contributions of game theory to economics. The reader is taken through a concise history of game theory and exposed to original pieces of work that are significant to game theory as a whole.

Virtual Economies

Author : Vili Lehdonvirta
Publisher : MIT Press
ISBN 13 : 0262535068
Total Pages : 307 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Virtual Economies by : Vili Lehdonvirta

Download or read book Virtual Economies written by Vili Lehdonvirta and published by MIT Press. This book was released on 2014-05-09 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the basic concepts of economics—including markets, institutions, and money—can be used to create and analyze economies based on virtual goods. In the twenty-first-century digital world, virtual goods are sold for real money. Digital game players happily pay for avatars, power-ups, and other game items. But behind every virtual sale, there is a virtual economy, simple or complex. In this book, Vili Lehdonvirta and Edward Castronova introduce the basic concepts of economics into the game developer's and game designer's toolkits. Lehdonvirta and Castronova explain how the fundamentals of economics—markets, institutions, and money—can be used to create or analyze economies based on artificially scarce virtual goods. They focus on virtual economies in digital games, but also touch on serious digital currencies such as Bitcoin as well as virtual economies that emerge in social media around points, likes, and followers. The theoretical emphasis is on elementary microeconomic theory, with some discussion of behavioral economics, macroeconomics, sociology of consumption, and other social science theories relevant to economic behavior. Topics include the rational choice model of economic decision making; information goods versus virtual goods; supply, demand, and market equilibrium; monopoly power; setting prices; and externalities. The book will enable developers and designers to create and maintain successful virtual economies, introduce social scientists and policy makers to the power of virtual economies, and provide a useful guide to economic fundamentals for students in other disciplines.

Game Theory for Economic Analysis

Author : Tatsuro Ichiishi
Publisher : Elsevier
ISBN 13 : 1483295060
Total Pages : 164 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Game Theory for Economic Analysis by : Tatsuro Ichiishi

Download or read book Game Theory for Economic Analysis written by Tatsuro Ichiishi and published by Elsevier. This book was released on 2014-06-28 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game Theory for Economic Analysis

Markets, Games, and Strategic Behavior

Author : Charles A. Holt
Publisher : Princeton University Press
ISBN 13 : 0691188971
Total Pages : pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Markets, Games, and Strategic Behavior by : Charles A. Holt

Download or read book Markets, Games, and Strategic Behavior written by Charles A. Holt and published by Princeton University Press. This book was released on 2019-03-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behavior, organized around risky decisions, games of strategy, and economic markets that can be simulated in class. Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organization, public choice and voting, asset market bubbles, and auctions. Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioral game theory. New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis Participatory experiments that connect behavioral theory and laboratory research Largely self-contained chapters that can each be covered in a single class Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided

Decisions, Games and Markets

Author : Pierpaolo Battigalli
Publisher : Springer Science & Business Media
ISBN 13 : 1461563372
Total Pages : 373 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Decisions, Games and Markets by : Pierpaolo Battigalli

Download or read book Decisions, Games and Markets written by Pierpaolo Battigalli and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets. Though its orientation is primarily methodological, some articles are more applied. The consistent use of formal analysis and methodological individualism constitutes the unifying theme of the book. Decisions, Games and Markets will be of considerable interest to both students and teachers of microeconomics and game and decision theory.

Game Theory and Economic Analysis

Author : Schmidt
Publisher :
ISBN 13 : 9781858985107
Total Pages : 256 pages
Book Rating : 4.9/5 (851 download)

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Book Synopsis Game Theory and Economic Analysis by : Schmidt

Download or read book Game Theory and Economic Analysis written by Schmidt and published by . This book was released on 2004 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dynamic Games in Economic Analysis

Author : Raimo P. Hämäläinen
Publisher : Springer
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Dynamic Games in Economic Analysis by : Raimo P. Hämäläinen

Download or read book Dynamic Games in Economic Analysis written by Raimo P. Hämäläinen and published by Springer. This book was released on 1991 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics and the Theory of Games

Author : Michael Bacharach
Publisher : CRC Press
ISBN 13 : 0429708084
Total Pages : 526 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Economics and the Theory of Games by : Michael Bacharach

Download or read book Economics and the Theory of Games written by Michael Bacharach and published by CRC Press. This book was released on 2019-09-18 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions. The theory and applications covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.

The Foundations of Behavioral Economic Analysis

Author : Sanjit S. Dhami
Publisher : Oxford University Press
ISBN 13 : 0198715528
Total Pages : 1799 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis The Foundations of Behavioral Economic Analysis by : Sanjit S. Dhami

Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit S. Dhami and published by Oxford University Press. This book was released on 2016 with total page 1799 pages. Available in PDF, EPUB and Kindle. Book excerpt: It considers the evidence against the exponential discounted utility model and describes several behavioral models such as hyperbolic discounting, attribute based models and the reference time theory. Part IV describes the evidence on classical game theory and considers several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. Part V considers behavioral models of learning that include evolutionary game theory, classical models of learning, experience weighted attraction model, learning direction theory, and stochastic social dynamics. Part VI studies the role of emotions; among other topics it considers projection bias, temptation preferences, happiness economics, and interaction between emotions and cognition. Part VII considers bounded rationality. The three main topics considered are judgment heuristics and biases, mental accounting, and behavioral finance.

The Foundations of Behavioral Economic Analysis

Author : Sanjit Dhami
Publisher :
ISBN 13 : 0198847254
Total Pages : 459 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Foundations of Behavioral Economic Analysis by : Sanjit Dhami

Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit Dhami and published by . This book was released on 2019-06-27 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological gametheory.This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests inbehavioural economics.

Dynamic Economic Analysis

Author : Gerhard Sorger
Publisher : Cambridge University Press
ISBN 13 : 1316240843
Total Pages : 303 pages
Book Rating : 4.3/5 (162 download)

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Book Synopsis Dynamic Economic Analysis by : Gerhard Sorger

Download or read book Dynamic Economic Analysis written by Gerhard Sorger and published by Cambridge University Press. This book was released on 2015-02-12 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on deterministic models in discrete time, this concise yet rigorous textbook provides a clear and systematic introduction to the theory and application of dynamic economic models. It guides students through the most popular model structures and solution concepts, from the simplest dynamic economic models through to complex problems of optimal policy design in dynamic general equilibrium frameworks. Chapters feature theorems and practical hints, and seventy-five worked examples highlight the various methods and results that can be applied in dynamic economic models. Notation and formulation is uniform throughout, so students can easily discern the similarities and differences between various model classes. Chapters include more than sixty exercises for students to self-test their analytical skills, and password-protected solutions are available for instructors on the companion website. Assuming no prior knowledge of dynamic economic analysis or dynamic optimization, this textbook is ideal for advanced students in economics.

Law, Economics, and Game Theory

Author : John Cirace
Publisher : Lexington Books
ISBN 13 : 1498549098
Total Pages : 474 pages
Book Rating : 4.4/5 (985 download)

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Book Synopsis Law, Economics, and Game Theory by : John Cirace

Download or read book Law, Economics, and Game Theory written by John Cirace and published by Lexington Books. This book was released on 2018-04-16 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses game theory to explain conflict between individual self-interested behavior and cooperation in economic markets, lawsuits, and legislative bodies. It demonstrates the need for social regulation in addition to free markets and judicial decisions in common law cases.

The Economics of Missing Markets, Information, and Games

Author : Frank Hahn
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 528 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Economics of Missing Markets, Information, and Games by : Frank Hahn

Download or read book The Economics of Missing Markets, Information, and Games written by Frank Hahn and published by Oxford University Press, USA. This book was released on 1989 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers is the result of a Cambridge University study of the consequences of missing markets, asymmetric information, market-dependent information, strategic market situations, and the role of quantity signals. The contributors also consider the behavior of overlapping generation models and their macroeconomic implications, providing a useful reference text on most of the main issues of current interest to economic theorists.

Do Economists Make Markets?

Author : Donald A. MacKenzie
Publisher : Princeton University Press
ISBN 13 : 9780691130163
Total Pages : 398 pages
Book Rating : 4.1/5 (31 download)

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Book Synopsis Do Economists Make Markets? by : Donald A. MacKenzie

Download or read book Do Economists Make Markets? written by Donald A. MacKenzie and published by Princeton University Press. This book was released on 2007 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description

Introduction to Economic Analysis

Author : R. Preston McAfee
Publisher : Orange Grove Texts Plus
ISBN 13 : 9781616100414
Total Pages : 0 pages
Book Rating : 4.1/5 (4 download)

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Book Synopsis Introduction to Economic Analysis by : R. Preston McAfee

Download or read book Introduction to Economic Analysis written by R. Preston McAfee and published by Orange Grove Texts Plus. This book was released on 2009-09-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents introductory economics material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools. Contents: 1) What is Economics? 2) Supply and Demand. 3) The US Economy. 4) Producer Theory. 5) Consumer Theory. 6) Market Imperfections. 7) Strategic Behavior.

Economic Behavior, Game Theory, and Technology in Emerging Markets

Author : Christiansen, Bryan
Publisher : IGI Global
ISBN 13 : 1466647469
Total Pages : 462 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Economic Behavior, Game Theory, and Technology in Emerging Markets by : Christiansen, Bryan

Download or read book Economic Behavior, Game Theory, and Technology in Emerging Markets written by Christiansen, Bryan and published by IGI Global. This book was released on 2013-11-30 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores game theory and its deep impact in developmental economics, specifically the manner in which it provides a way of formalizing institutions"--Provided by publisher.