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Game Theory and Business Applications
     

Game Theory and Business Applications

by Kalyan Chatterjee
 

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Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business

Overview

Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions – from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional “rules of the game” take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies.

Editorial Reviews

From the Publisher
'...the book is recommended as a valuable sk-taking enterprise'
Operations Research Spektrum

Product Details

ISBN-13:
9781461470946
Publisher:
Springer US
Publication date:
07/08/2013
Series:
International Series in Operations Research & Management Science , #194
Edition description:
2nd ed. 2014
Pages:
409
Product dimensions:
6.10(w) x 9.25(h) x 0.04(d)

What People are Saying About This

From the Publisher

"This book surveys game theory models and methods in different disciplines of business, economics, law, marketing, finance and accounting. The volume presents a valuable collection of game theory models, which are developed by experts in the field and collected from many diverse cited sources in contemporary literature, with associated ideas, issues, mathematics and applications. From both an academic and practical point of view, this book contains up- to-date and comprehensive surveys of many useful models involving strategic interactions in business. It makes an important contribution to the literature, and is an extremely useful and interesting book for academics and professionals in the business and public policy world." (Dr. Sardar M. N. Islam, Ph. D., LL. B. Professor,Victoria Institute for Strategic Economic Studies, College of Business,Victoria University, Australia, March 2015)

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