Recent Developments in Game Theory

by Eric S. Maskin (Editor)

Overview

During the 1980s, economic theory has been revolutionised by game theory. The game theory approach is now very widely used throughout the profession and has become a major tool for the construction of new economic models. It is the basic tool in the construction of a modern theory of industrial organisation and it has led to important developments in finance, labour economics and international trade. This major new collection - prepared by a leading international authority - is oriented towards researchers, professors and graduate students who are interested in the interface between game theory and economic theory. They include the seminal and most important recent papers on the development and application of game theory in economics.

Product Details

ISBN-13:	9781858985152
Publisher:	Edward Elgar Publishing
Publication date:	03/01/1999
Series:	International Library of Critical Writin
Pages:	520
Product dimensions:	6.88(w) x 9.50(h) x (d)

About the Author

Edited by Eric S. Maskin, Harvard University, US and winner of the Nobel Prize in Economics 2007

Table of Contents

Contents:

Acknowledgements • Introduction
Part I: Evolution
1. Michihiro Kandori, George J. Mailath and Rafael Rob (1993), ‘Learning, Mutation, and Long Run Equilibria in Games’
2. H. Peyton Young (1993), ‘The Evolution of Conventions’
3. Glenn Ellison (1993), ‘Learning, Local Interaction, and Coordination’
4. Daniel Friedman (1991), ‘Evolutionary Games in Economics’
Part II: Implementation Theory
5. Dilip Abreau and Hitoshi Matsushima (1992), ‘Virtual Implementation in Iteratively Undominated Strategies: Complete Information’
6. John Moore and Rafael Repullo (1988), ‘Subgame Perfect Implementation’
7. Matthew O. Jackson (1991), ‘Bayesian Implementation’
Part III: Learning
8. Ehud Kalai and Ehud Lehrer (1993), ‘Rational Learning Leads to Nash Equilibrium’
9. Drew Fudenberg and David M. Kreps (1993), ‘Learning Mixed Equilibria’
10. Paul Milgrom and John Roberts (1991), ‘Adaptive and Sophisticated Learning in Repeated Normal Form Games’
Part IV: Rationalizability
11. B. Douglas Bernheim (1984), ‘Rationalizable Strategic Behavior’
12. Adam Brandenburger and Eddie Dekel (1987), ‘Rationalizability and Correlated Equilibria’
13. Paul Milgrom and John Roberts (1990), ‘Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities’
Part V: Repeated Games
14. Drew Fudenberg and Eric Maskin (1990), ‘Evolution and Cooperation in Noisy Repeated Games’
15. Drew Fudenberg, David Levine and Eric Maskin (1994), ‘The Folk Theorem with Imperfect Public Information’
16. Joseph Farrell and Eric Maskin (1989), ‘Renegotiation in Repeated Games’
Part VI: Foundations of Cooperative Game Theory
17. Faruk Gul (1989), ‘Bargaining Foundations of Shapley Value’
18. Sergiu Hart and Andreu Mas-Colell (1996), ‘Bargaining and Value’
19. Motty Perry and Philip J. Reny (1994), ‘A Noncooperative View of Coalition Formation and the Core’
Name Index

Editorial Reviews

Maskin (economics, Harvard U.) presents a collection of 19 previously published journal articles addressing developments in the application of game theory to economics since approximately the mid-1980s. Oriented towards researchers, professors, and graduate students interested in the links between game theory and economic theory, articles are arranged into six sections addressing evolution, implementation theory, learning, rationalizability, repeated games, and foundations of cooperative game theory. Publications from which the articles are drawn include , , and . For the most part, articles are reproduced as originally published using facsimile reproduction, including footnotes and original pagination. Lacks a subject index. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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