Strategic foundations of general equilibrium: dynamic matching and bargaining 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...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2000
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| Series: | Churchill lectures in economics
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| Subjects: | |
| Links: | https://doi.org/10.1017/CBO9780511492310 https://doi.org/10.1017/CBO9780511492310 https://doi.org/10.1017/CBO9780511492310 |
| Summary: | 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 |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource (xi, 219 pages) |
| ISBN: | 9780511492310 |
| DOI: | 10.1017/CBO9780511492310 |
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| 505 | 8 | 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 |
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| contents | 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 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511492310 |
| format | Electronic eBook |
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| id | DE-604.BV043921114 |
| illustrated | Not Illustrated |
| indexdate | 2025-04-30T10:00:54Z |
| institution | BVB |
| isbn | 9780511492310 |
| language | English |
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| spelling | Gale, Douglas 1950- Verfasser (DE-588)170074455 aut Strategic foundations of general equilibrium dynamic matching and bargaining games Douglas Gale Cambridge Cambridge University Press 2000 1 online resource (xi, 219 pages) txt rdacontent c rdamedia cr rdacarrier Churchill lectures in economics Title from publisher's bibliographic system (viewed on 05 Oct 2015) 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 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 Competition Equilibrium (Economics) Game theory Spieltheorie (DE-588)4056243-8 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Wettbewerbstheorie (DE-588)4117638-8 gnd rswk-swf Wettbewerbstheorie (DE-588)4117638-8 s Spieltheorie (DE-588)4056243-8 s Gleichgewichtstheorie (DE-588)4071876-1 s 1\p DE-604 Erscheint auch als Druckausgabe 978-0-521-64330-6 Erscheint auch als Druckausgabe 978-0-521-64410-5 https://doi.org/10.1017/CBO9780511492310 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Gale, Douglas 1950- Strategic foundations of general equilibrium dynamic matching and bargaining games 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 Competition Equilibrium (Economics) Game theory Spieltheorie (DE-588)4056243-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Wettbewerbstheorie (DE-588)4117638-8 gnd |
| subject_GND | (DE-588)4056243-8 (DE-588)4071876-1 (DE-588)4117638-8 |
| title | Strategic foundations of general equilibrium dynamic matching and bargaining games |
| title_alt | 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 |
| title_auth | Strategic foundations of general equilibrium dynamic matching and bargaining games |
| title_exact_search | Strategic foundations of general equilibrium dynamic matching and bargaining games |
| title_full | Strategic foundations of general equilibrium dynamic matching and bargaining games Douglas Gale |
| title_fullStr | Strategic foundations of general equilibrium dynamic matching and bargaining games Douglas Gale |
| title_full_unstemmed | Strategic foundations of general equilibrium dynamic matching and bargaining games Douglas Gale |
| title_short | Strategic foundations of general equilibrium |
| title_sort | strategic foundations of general equilibrium dynamic matching and bargaining games |
| title_sub | dynamic matching and bargaining games |
| topic | Competition Equilibrium (Economics) Game theory Spieltheorie (DE-588)4056243-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Wettbewerbstheorie (DE-588)4117638-8 gnd |
| topic_facet | Competition Equilibrium (Economics) Game theory Spieltheorie Gleichgewichtstheorie Wettbewerbstheorie |
| url | https://doi.org/10.1017/CBO9780511492310 |
| work_keys_str_mv | AT galedouglas strategicfoundationsofgeneralequilibriumdynamicmatchingandbargaininggames |