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Books > Business & Economics > Economics > Microeconomics
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Game Theory and Business Applications (Paperback, 2nd ed. 2014)
Loot Price: R5,775
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Game Theory and Business Applications (Paperback, 2nd ed. 2014)
Series: International Series in Operations Research & Management Science, 194
Expected to ship within 10 - 15 working days
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Game theory has been applied to a growing list of practical
problems, from antitrust analysis to monetary policy; from the
design of auction institutions to the structuring of incentives
within firms; from patent races to dispute resolution. The purpose
of Game Theory and Business Applications is to show how game theory
can be used to model and analyze business decisions. The contents
of this revised edition contain a wide variety of business
functions - from accounting to operations, from marketing to
strategy to organizational design. In addition, specific
application areas include market competition, law and economics,
bargaining and dispute resolution, and competitive bidding. All of
these applications involve competitive decision settings,
specifically situations where a number of economic agents in
pursuit of their own self-interests and in accordance with the
institutional "rules of the game" take actions that together affect
all of their fortunes. As this volume demonstrates, game theory
provides a compelling guide for analyzing business decisions and
strategies.
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