04031nam 22006852 450 991082082950332120151005020621.01-107-11659-70-511-49231-60-511-31101-X1-280-15376-80-511-05188-30-511-11744-20-521-64330-90-511-15224-8(CKB)111056485618198(EBL)201626(OCoLC)475915489(SSID)ssj0000252033(PQKBManifestationID)11239761(PQKBTitleCode)TC0000252033(PQKBWorkID)10175403(PQKB)11040363(UkCbUP)CR9780511492310(MiAaPQ)EBC201626(Au-PeEL)EBL201626(CaPaEBR)ebr10014910(CaONFJC)MIL15376(EXLCZ)9911105648561819820090302d2000|||| uy| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierStrategic foundations of general equilibrium dynamic matching and bargaining games /Douglas Gale[electronic resource]Cambridge :Cambridge University Press,2000.1 online resource (xi, 219 pages) digital, PDF file(s)Churchill lectures in economicsTitle from publisher's bibliographic system (viewed on 05 Oct 2015).0-521-64410-0 0-511-01116-4 Includes bibliographical references (p. 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.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.Churchill lectures in economics.CompetitionEquilibrium (Economics)Game theoryCompetition.Equilibrium (Economics)Game theory.338.6/048/015193Gale Douglas118164UkCbUPUkCbUPBOOK9910820829503321Strategic foundations of general equilibrium468672UNINA