Decisions, Games and Markets / Edition 1

Decisions, Games and Markets / Edition 1

by Pierpaolo Battigalli
     
 

Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as 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… See more details below

Overview

Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as 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 constitute 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.

Product Details

ISBN-13:
9780792398417
Publisher:
Springer US
Publication date:
09/05/2007
Series:
Studies in Risk and Uncertainty Series, #8
Edition description:
1997
Pages:
368
Product dimensions:
9.21(w) x 6.14(h) x 0.88(d)

Table of Contents

Preface
1"Direct" and "Indirect" Duality for Dominance Relations3
2Conditional Preferences, Ellsberg Paradoxes and the Sure Thing Principle31
3Games with Observable Deviators57
4Conjectural Equilibria and Rationalizability in a Game with Incomplete Information97
5Lexicographic Rationality Orderings and Iterative Weak Dominance125
6At the Roots of Indeterminacy151
7The Information Content of Specialist Pricing: A Dynamic Model167
8"Laws of Large Numbers" in Continuum Economies191
9Decentralization, Mobility Costs and the Soft Budget Constraint209
10Equivalence and Duality Between the Sets of Pareto-Maximal Allocations and the Sets of Maximal Distributable Surplus Allocations, Including Externalities239
11Economic Models of Social Learning265
12Market Size, the Informational Content of Stock Prices and Risk: A Multiasset Model and Some Evidence299
13Adoption of Flexible Technologies in an Evolutionary Environment341
Index361

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