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 : 1134511175
Total Pages : 362 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 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the huge variety of current contributions of game theory to economics. The impressive contributions fall broadly into two categories. Some lay out in a jargon free manner a particular branch of the theory, the evolution of one of its concepts, or a problem, that runs through its development. Others are original pieces of work tha

Game Theory for Economic Analysis

Author : Tatsuro Ichiishi
Publisher : Elsevier
ISBN 13 : 1483295060
Total Pages : 177 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 177 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

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.

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.

Law, Economics, and Game Theory

Author : John Cirace
Publisher : Lexington Books
ISBN 13 : 1498549098
Total Pages : 393 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 2020-07-06 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers three relationships: law and economics; economics and game theory; and game theory and law. Economists teach lawyers that economic principles cut across and integrate seemingly different legal subjects such as contracts, torts, and property. Correspondingly, lawyers teach economists that legal rationality is a separate and distinct decision-making process that can be formalized by behavioral rules that are parallel to and comparable with the behavioral rules of economic rationality, that efficiency often must be constrained by legal goals such as equal protection of the laws, due process, and horizontal and distributional equity, and that the general case methodology of economics vs. the hard case methodology of law for determining the truth or falsity of economic theories and theorems sometimes conflict. Economics and Game Theory: Law and economics books focus on economic analysis of judges’ decisions in common law cases and have been mostly limited to contracts, torts, property, criminal law, and suit and settlement. There is usually no discussion of the many areas of law that require cooperative action such as is needed to provide economic infrastructure, control public “bad” type externalities, and make legislation. Game theory provides the bridge between competitive markets and the missing discussion of cooperative action in law and economics. How? Competitive markets are examples (subset) of the Prisoners’ Dilemma, which explains the conflict between individual self-interested behavior and cooperation both in economic markets and in legislative bodies and demonstrates the need for social infrastructure and regulation of pollution and global warming. Game Theory and Law: Lawsuits usually involve litigation between two parties, not the myriad participants in markets, so the assumption of self-interest constrained by markets does not carry over to legal disputes involving one-on-one bargaining in which the law gives one party superior bargaining power. Game theory models predict the effect of different legal institutions, rights, and rules on the outcome of such bargaining. Game theory also has a natural four-model framework which is used in this book to analyze the law and economics of civil obligation, which consists of torts (negligence), contracts, and unjust enrichment.

Virtual Economies

Author : Vili Lehdonvirta
Publisher : MIT Press
ISBN 13 : 0262027259
Total Pages : 307 pages
Book Rating : 4.2/5 (62 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 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:

Approximating Games and Economies by Markets

Author : University of Toronto. Department of Economics
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (358 download)

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Book Synopsis Approximating Games and Economies by Markets by : University of Toronto. Department of Economics

Download or read book Approximating Games and Economies by Markets written by University of Toronto. Department of Economics and published by . This book was released on 1994 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

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 : Oxford University Press
ISBN 13 : 0192586513
Total Pages : 459 pages
Book Rating : 4.1/5 (925 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 Oxford University Press. This book was released on 2019-07-03 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 game theory. 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 in behavioural economics.

The Evolution and Social Impact of Video Game Economics

Author : Casey B. Hart
Publisher : Lexington Books
ISBN 13 : 1498543421
Total Pages : 182 pages
Book Rating : 4.4/5 (985 download)

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Book Synopsis The Evolution and Social Impact of Video Game Economics by : Casey B. Hart

Download or read book The Evolution and Social Impact of Video Game Economics written by Casey B. Hart and published by Lexington Books. This book was released on 2017-07-13 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, consumers of video games spend over $22.4 billion each year; using more complex and multi-layered strategies, game developers attempt to extend the profitability of their products from a simple one-time sale, to continuous engagement with the consumer. The Evolution and Social Impact of Video Game Economics examines paradigmatic changes in the economic structure of the video game industry from a media effects and game design perspective. This book explores how game developers have changed how they engage players in order to facilitate continuous financial transactions. Contributors look from the advent of microtransactions and downloadable content (DLCs) to the impact of planned obsolescence, impulse buying, and emotional control. This collection takes a broad view of the game dynamics and market forces that drive the video game industry, and features international contributors from Asia, Europe, and Australia.

Games, Decisions, and Markets

Author : Yasuhiro Sakai
Publisher : Springer Nature
ISBN 13 : 9819952859
Total Pages : 238 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Games, Decisions, and Markets by : Yasuhiro Sakai

Download or read book Games, Decisions, and Markets written by Yasuhiro Sakai and published by Springer Nature. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Economics and the Theory of Games

Author : Michael Bacharach
Publisher : CRC Press
ISBN 13 : 9780367171742
Total Pages : 174 pages
Book Rating : 4.1/5 (717 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 2022-06-30 with total page 174 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.