Game Theoretical Applications to Economics and Operations Research deals with various aspects of game theory and their applications to Economics and OR related problems. It brings together the contributions of a wide spectrum of disciplines such as Statistics, Mathematics, Mathematical Economics and OR. The contributions include decision theory, stochastic games, cooperative and noncooperative games. The papers in the volume are classified under five different sections. The first four sections are devoted to the theory of two-person games, linear complimentarity problems and game theory, cooperative and noncooperative games. The fifth section contains diverse applications of these various theories. Taken together they exhibit a rich versatility of these theories and lively interaction between the mathematical theory of games and significant economic problems.

Game Theoretical Applications to Economics and Operations Research deals with various aspects of game theory and their applications to Economics and OR related problems. It brings together the contributions of a wide spectrum of disciplines such as Statistics, Mathematics, Mathematical Economics and OR. The contributions include decision theory, stochastic games, cooperative and noncooperative games. The papers in the volume are classified under five different sections. The first four sections are devoted to the theory of two-person games, linear complimentarity problems and game theory, cooperative and noncooperative games. The fifth section contains diverse applications of these various theories. Taken together they exhibit a rich versatility of these theories and lively interaction between the mathematical theory of games and significant economic problems.

This research examines the important issue of labor market dynamics of Bangladesh during 1987-2009. First, it investigates the relevance of Phillips curve and analyzes the two important extension of original Phillips Curve i.e. expectation augmented and supply shock augmented Phillips curve.The analysis derives the Non-Accelerating Inflation Rate of Unemployment (NAIRU) of Bangladesh following the Ball-Mankiw approach. Second, it looks the issue of wage inequality in manufacturing, construction and agriculture sector of Bangladesh in various dimensions. Result shows that the theme of Phillips curve is consistent in Bangladesh economy. Unemployment rate, unemployment gap, change in exchange rate are negatively related with inflation whereas lagged inflation and change in international price of crude oil is positively related. Inflation lag has a relatively higher impact on inflation dynamics. With sectoral wage disparity there is large wage gap between skilled and unskilled labor. The urban-rural wage differential is severe in manufacturing sector as compared to construction and agriculture sector.