Neuware - Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, 'Learning Behavior and the Noncooperative Equilibrium', considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, 'A Game of Fair Division', was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical 'divide-and-choose' procedure. This book will be of interest to students of economics.

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Bibliographic Details

Title: Essays in Economic Theory (Routledge Revivals)
Publisher: Taylor & Francis Ltd Jan 2015
Publication Date: 2015
Language: English
ISBN 10: 1138858625
ISBN 13: 9781138858626
Binding: Buch
Condition: Neu
Dimensions: 216 millimeters width by 140 millimeters height by 8 millimeters depth
Weight: 269 grams

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Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.

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Vincent Crawford

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