Strategic foundations of general equilibrium dynamic matching and bargaining games - Gale, Douglas 1950- (Cambridge University Press, 2000)
Includes bibliographical references (pages 208-213) and index
Markets and games -- - Strategic foundations of perfect competition -- - Why strategic foundations? -- - Cooperative market games -- - Non-cooperative market games -- - Dynamic matching and bargaining models -- - Open questions -- - Perfect competition -- - Pure exchange economics -- - Dynamic matching and bargaining games -- - Equilibrium -- - The Edgeworth Property -- - Efficiency -- - Competitive sequences of economies -- - Existence -- - Efficiency with discounting -- - Random matching -- - Mixed equilibria -- - A summing up -- - Continuity and anonymity -- - Rubinstein and Wolinsky (1990) -- - Bounded rationality and uniqueness -- - The Limit Principle -- - Repeated games -- - Limited memory -- - Large anonymous games -- - Non-anonymous games -- - Bounded rationality -- - Imitation and experimentation -- - A behavioral model of competition -- - Convergence to competitive prices -- - Extensions
"This book, written by 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 equilibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-talking behavior, are taken for granted, Gale uses games 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-talking behavior."
"This book is essential reading for graduate courses in game theory and general equilibrium."--Jacket
Keywords: Concurrence; Équilibre (Économie politique); Jeux, Théorie des; BUSINESS & ECONOMICS / Industries / General; Equilibrium (Economics); Game theory; Competition; Economisch evenwicht; Concurrentie; Speltheorie; Équilibre (économie politique); Wettbewerbstheorie; Spieltheorie; Gleichgewichtstheorie; Industrie; Wirtschaft