Strategic Foundations of General Equilibrium - Dynamic Matching and Bargaining Games (Hardcover)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Churchill Lectures in Economics
Release date:	August 2000
First published:	2000
Authors:	Douglas Gale
Dimensions:	216 x 140 x 18mm (L x W x T)
Format:	Hardcover
Pages:	232
ISBN-13:	978-0-521-64330-6
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Econometrics > General
LSN:	0-521-64330-9
Barcode:	9780521643306

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