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Strategic foundations of general equilibrium : = dynamic matching and bargaining games /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Strategic foundations of general equilibrium :/ Douglas Gale.
Reminder of title:	dynamic matching and bargaining games /
Author:	Gale, Douglas,
Description:	1 online resource (xi, 219 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Competition. -
Online resource:	https://doi.org/10.1017/CBO9780511492310
ISBN:	9780511492310 (ebook)

Strategic foundations of general equilibrium : = dynamic matching and bargaining games /
Gale, Douglas,

Strategic foundations of general equilibrium :dynamic matching and bargaining games /Douglas Gale. - 1 online resource (xi, 219 pages) :digital, PDF file(s). - Churchill lectures in economics. - Churchill lectures in economics..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Markets and games --

The theory of competition has held a central place in economic analysis since Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of perfect competition. Beginning with a concise survey of how the theory of competition has evolved, Gale makes extensive and rigorous use of dynamic matching and bargaining models to provide a more complete description of how a competitive equlibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-taking behavior, are taken for granted, Gale uses game theory to re-evaluate this assumption, beginning with individual agents and modelling their strategic interaction. A strategic foundation for competitive equilibrium shows how such interaction leads to competitive, price-taking behavior. Essential reading for graduate courses in game theory and general equilibrium.

ISBN: 9780511492310 (ebook)Subjects--Topical Terms:

559988
Competition.

LC Class. No.: HD41 / .G35 2000

Dewey Class. No.: 338.6/048/015193

Strategic foundations of general equilibrium : = dynamic matching and bargaining games /
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 $t Markets and games -- $t Strategic foundations of perfect competition -- $t Why strategic foundations? -- $t Cooperative market games -- $t Non-cooperative market games -- $t Dynamic matching and bargaining models -- $t Open questions -- $t Perfect competition -- $t Pure exchange economics -- $t Dynamic matching and bargaining games -- $t Equilibrium -- $t The Edgeworth Property -- $t Efficiency -- $t Competitive sequences of economies -- $t Existence -- $t Efficiency with discounting -- $t Random matching -- $t Mixed equilibria -- $t A summing up -- $t Continuity and anonymity -- $t Rubinstein and Wolinsky (1990) -- $t Bounded rationality and uniqueness -- $t The Limit Principle -- $t Repeated games -- $t Limited memory -- $t Large anonymous games -- $t Non-anonymous games -- $t Bounded rationality -- $t Imitation and experimentation -- $t A behavioral model of competition -- $t Convergence to competitive prices -- $t Extensions.
520 $a The theory of competition has held a central place in economic analysis since Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of perfect competition. Beginning with a concise survey of how the theory of competition has evolved, Gale makes extensive and rigorous use of dynamic matching and bargaining models to provide a more complete description of how a competitive equlibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-taking behavior, are taken for granted, Gale uses game theory to re-evaluate this assumption, beginning with individual agents and modelling their strategic interaction. A strategic foundation for competitive equilibrium shows how such interaction leads to competitive, price-taking behavior. Essential reading for graduate courses in game theory and general equilibrium.
650 0 $a Competition. $3 559988
650 0 $a Equilibrium (Economics) $3 561394
650 0 $a Game theory. $3 556918
776 0 8 $i Print version: $z 9780521643306
830 0 $a Churchill lectures in economics. $3 1439796
856 4 0 $u https://doi.org/10.1017/CBO9780511492310