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JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game.
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Contenuti
List of Figures. List of Authors. Introduction; J.-F. Mertens. A: The Core and the Bargaining Set. I. General Equilibrium and Cooperative Games: Basic Results; E. Allen, S. Sorin. II. Core Convergence in Perfectly Competitive Economies; R.M. Anderson. III. Economies with Atoms; J.-F. Mertens. IV. Bargaining Sets; R. Vohra. B: The Value. V. The Shapley Value; R.J. Aumann. VI. Value of Games with a Continuum of Players; A. Neyman. VII. The TU Value: the Non-Differentiable Case; J.-F. Mertens. Addendum: The Shapley value of a perfectly competitive market may not exist; F. Lefèvre. VIII. The Harsanyi Value; S. Hart. IX. Value Equivalence Theorems: the TU and NTU Cases; S. Hart. X. Economic Applications of the Shapley Value; R.J. Aumann. C: The Cooperative Approach to Large Markets and Games. XI. An Axiomatic Approach to the Equivalence Phenomenon; P. Dubey, A. Neyman. XII. Large Games and Economies with Effective Small Groups; M.H. Wooders. D: The Non-Cooperative Approach. XIII. Strategic Market Games: a Survey of Some Results; P. Dubey. XIV. From Nash to Walras Equilibrium; E. Allen, H. Polemarchakis. XV. Correlated and Communication Equilibria; J.-F. Mertens. XVI. Notes on Correlated Equilibrium and Sunspot Equilibrium; J. Peck. XVII. Implementation with Plain Conversation; S. Sorin.
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Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Proceedings of the NATO Advanced Study Institute, Long Island, NY, U.S.A., July 1--12, 1991 JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such us. Codice articolo 5967193
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Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the 'birth' of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game. 276 pp. Englisch. Codice articolo 9780792330110
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Buch. Condizione: Neu. Neuware -JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the 'birth' of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 276 pp. Englisch. Codice articolo 9780792330110
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Buch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the 'birth' of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game. Codice articolo 9780792330110
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Game-Theoretic Methods in General Equilibrium Analysis (Hardcover)
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Hardcover. Condizione: new. Hardcover. This text presents a systematic exposition of the use of game-theoretic methods in general equilibrium analysis. Rather than focusing on single concepts, it covers all basic equivalence theorems - core, bargaining set, Shapley and Harsanyi value, Nash equilibria - including an axiomatic approach to them. It examines the value of large games and the new tools used in the strategic approach to general equilibrium. The book is primarily addressed to researchers and advanced graduate students but, being largely self-contained, it can also be used as a text for a course. JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Codice articolo 9780792330110
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