Readings in Games and Information / Edition 1

Readings in Games and Information / Edition 1

by Eric Rasmusen
     
 

ISBN-10: 0631215573

ISBN-13: 9780631215578

Pub. Date: 05/30/2001

Publisher: Wiley, John & Sons, Incorporated

This highly original collection brings together contemporary articles from a variety of sources to present the key topics in game theory. The book includes a combination of classic and contemporary readings from a range of books and journals that together present a complete resource for students and researchers of game theory.  See more details below

Overview

This highly original collection brings together contemporary articles from a variety of sources to present the key topics in game theory. The book includes a combination of classic and contemporary readings from a range of books and journals that together present a complete resource for students and researchers of game theory.

Product Details

ISBN-13:
9780631215578
Publisher:
Wiley, John & Sons, Incorporated
Publication date:
05/30/2001
Series:
Blackwell Readings for Contemporary Economics
Edition description:
New Edition
Pages:
452
Product dimensions:
10.00(w) x 7.00(h) x 0.91(d)

Table of Contents

Preface
Acknowledgments
Pt. 1The Rules of the Game
1The Prisoner's Dilemma5
2A Two-Person Dilemma7
3Equilibrium Points in N-Person Games9
4Non-Cooperative Games10
5To Ensure High Prices, Some Haulers Have Been Known to Break the Rules21
6Cash Flow: 'Pay to Play' is Banned, But Muni-Bound Firms Keep the Game Going23
7School of Genius28
8Cartoon: Ratbert and Consultant36
Pt. 2Information
9The Donation Booth41
10The Horatii and the Curiatii46
11TREES - A Decision-Maker's Lament49
12Knowing and Showing Economics and Law50
13Cartoon: "All Those in Favor, Say 'Aye'"56
Pt. 3Mixed and Continuous Strategies
14Colonel Blotto: A Problem of Military Strategy61
15Dutch Accountants Take on a Formidable Task: Ferreting Out "Cheaters" in the Ranks of OPEC64
16Shipping Price-Fixing Pacts Hurt Consumers, Critics Say66
17The Conference Handbook71
18Cartoon: "Very Guilty"74
Pt. 4Dynamic Games with Symmetric Information
19On An Application of Set Theory to the Theory of the Game of Chess79
20The Strategy of Conflict83
21Does the Fittest Necessarily Survive?105
22Shooting the Bird's Eye109
23Cartoon: "That's It? That's Peer Review?"110
Pt. 5Reputation and Repeated Games with Symmetric Information
24The Evolution of Cooperation114
25This Tax Amnesty Will Work Only Once129
26Fare Warning: How Airlines Trade Price Plans131
27Starting Research Early134
28Cartoon: Einstein Discovers that Time is Actually Money142
Pt. 6Dynamic Games with Incomplete Information
29Rational Cooperation in the Finitely Repeated Prisoners' Dilemma147
30Cheap Talk, Coordination, and Entry154
31Wise Guy: Life in a Mafia Family161
32Cartoon: "Say, I Think I See Where We Went Off ..."164
Pt. 7Moral Hazard: Hidden Actions
33Monopoly Slack and Competitive Rigor: A Simple Model169
34An Optimal Conviction Policy for Offenses that May Have Been Committed by Accident173
35Bonded Worker in No Guarantee of a Perfect Job182
36Cartoon: "Look, Ted! We Get Paid the Same as You but All We're Doing is Standing Around and Flicking our Fingers"184
Pt. 8Further Topics in Moral Hazard
37Wealth of Nations188
38Examples of Plea Bargains189
39Unions Say Auto Firms Use Interplant Rivalry to Raise Work Quotas190
40Cartoon: "Dilbert, I Want You to Manage Wally's Project While He's on Vacation in Aruba"195
Pt. 9Adverse Selection
41The Market for "Lemons": Quality Uncertainty and the Market Mechanism201
42The Only Game in Town214
43Are Advertisers Ready to Pay Their Viewers?218
44The Creation of New Mathematics: An Application of the Lakatos Heuristic221
45Cartoon: Frank's Neurosurgery226
Pt. 10Mechanism Design in Adverse Selection and in Moral Hazard with Hidden Information
46Tie Salesmen's Bonuses to Their Forecasts230
47Car-Buying Services Can Save Money, Especially for Those who Hate Haggling241
48How to Build an Economic Model in Your Spare Time244
49Cartoon: "Of Course That's Only an Estimate ..."256
Pt. 11Signalling
50High and Declining Prices Signal Product Quality261
51The Argument of an Appeal275
52Cartoon: "Yes, but the Trouble is he Always Wears that Mysterious Smile"283
Pt. 12Bargaining
53The Bargaining Problem288
54Perfect Equilibrium in a Bargaining Model295
55UPS Faces More Than $1 Billion of Year in New Labor Expenses: Pact Calls for Substantial Pay Increases, Full-Time Jobs and a Union Pension Plan309
56Cartoon: "Whatever Happened to Elegant Solutions?"314
Pt. 13Auctions
57The Dollar Auction Game: A Paradox in Noncooperative Behavior and Escalation318
58Analyzing the Airwaves Auction322
59At Many Auctions, Illegal Bidding Thrives as a Longtime Practice Among Dealers337
60Cartoon: "The Next Item up for Bid is the Presidency of the United States ..."340
Pt. 14Pricing
61Stability in Competition345
62The Mathematical Economics of Professor Amoroso358
63Existence and Computation of Mixed Strategy Nash Equilibrium for 3-Firms Location Problem365
64Busting a Trust: Electrical Contractors Reel Under Charges That They Rigged Bids369
65Cartoon: "Isn't it Great that We Don't Get Any More Pesky Calls during Dinner Asking us to Switch Long-Distance Companies?"373
Pt. 15Entry
66The Fat-Cat Effect, the Puppy-Dog Poly, and the Lean and Hungry Look378
67Drugs: Novel Heart-Drug Deal Protects Sales, Spurs Suit386
68Aphorisms on Writing, Speaking, and Listening389
69Cartoon: Henry and the Candy Shop421
Index422

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