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Game-Theoretic Methods in General Equilibrium Analysis Nato Science Series D

Published by Springer
ISBN 10: 9048144426 / ISBN 13: 9789048144426
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Title: Game-Theoretic Methods in General ...

Publisher: Springer

Binding: Paperback

Book Condition: New

Book Type: Paperback

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Paperback. 268 pages. Dimensions: 9.0in. x 6.0in. x 0.6in.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 Nashs 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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9789048144426

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