Collected Papers in Theoretical Economics: Rationality, Games, and Strategic Behaviour / Edition 1

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Overview


The rise of game theory around the middle of the twentieth century has profoundly affected the way economic theory is practiced. The present book is a collection of Kaushik Basu's papers on game theory and, more generally, strategic analysis. It includes papers in both pure and applied theory.
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Editorial Reviews

From the Publisher

"It is wonderful to see Kaushik Basu's papers being put together in these volumes. His works have greatly enriched economics and the social sciences, and it is extremely useful to have these essays collected together in this way. This is quite an event for the discipline." -- Amartya Sen, Harvard University 1998 Nobel Laureate in Economics

"Kaushik Basu displays a rare combination of concern for social justice and a deep understanding of the fundamental issues in economic modeling. The spirit of this collection will provide inspiration for any young economist."-- Ariel Rubenstein, Tel Aviv University and New York University

"Kaushik Basu takes the best analytical tools of microeconomics and uses them to probe the fundamental economic problems that determine wealth and poverty of nations throughout the world. The breadth and depth of his vision is extraordinary."-- Roger Myerson, University of Chicago

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Product Details

  • ISBN-13: 9780195667622
  • Publisher: Oxford University Press, USA
  • Publication date: 1/15/2005
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 224
  • Product dimensions: 9.50 (w) x 6.30 (h) x 0.60 (d)

Table of Contents

1. Introduction
Part I. Rationality and Social Norms
2. The Traveller s Dilemma: Paradoxes of Rationality in Game Theory
3. On Why We Do Not Try to Walk Off Without Paying After a Taxi Ride
Part II. Games and Equilibrium Behaviour
4. On the Existence of a Rationality Definition for Extensive Games
5. Strategy Subsets Closed under Rational Behaviour
6. Group Rationality, Utilitarianism, and Escher s Waterfall
7. Information and Strategy in the Iterated Prisoner s Dilemma
Part III. Industrial Organization and Strategic Behaviour
8. Monopoly, Quality Uncertainty, and Status Goods
9. Why Monopolists Prefer to Make Their Goods Less Durable
10. Entry-Deterrence in Stackelberg Perfect Equilibria
11. Collusion in Finitely Repeated Oligopolies
12. Stackelberg Equilibrium in Oligopoly: An Explanation based on Managerial Incentives
13. The Strategic Role of International Credit as an Instrument of Trade
14. Why Are So Many Goods Priced to End in Nine? And Why This Practice Hur
ts the Producers
Part IV. Government, Games and The Law
15. Notes on Bribery and the Control of Corruption
A Model of Monopoly with Strategic Government Intervention
17. On Misunderstanding Government: An Analysis of the Art of Policy Advice
18. The Economics and Law of Tenancy Rent Control

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