Strategic Foundations of General Equilibrium : Dynamic Matching and Bargaining Games PDF
by Douglas Gale
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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.
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- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:15/08/2000
- Category:
- ISBN:9780511036651
Information
-
Download Now
- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:15/08/2000
- Category:
- ISBN:9780511036651