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Binmore, K: Economic Organizations as Games
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Economists have in recent years found the theory of games to be anattractive route for exploring imperfectly competitive markets. Inthis collection of articles, some of the best minds in contemporaryeconomics on both sides of the Atlantic xplore both the potentialand the limitations of this theoretical framework.In a lengthy introduction, the editors conduct a comprehensivesurvey of the hypothesis of game theory and its goals whichprovides a unique perspective on the subject. At the same time,they warn the theory is not sufficiently well developed to providean analysis of all games.The papers ...
Economists have in recent years found the theory of games to be anattractive route for exploring imperfectly competitive markets. Inthis collection of articles, some of the best minds in contemporaryeconomics on both sides of the Atlantic xplore both the potentialand the limitations of this theoretical framework.
In a lengthy introduction, the editors conduct a comprehensivesurvey of the hypothesis of game theory and its goals whichprovides a unique perspective on the subject. At the same time,they warn the theory is not sufficiently well developed to providean analysis of all games.
The papers which follow fall into three sections: equilibriumtheory, imperfect competition and the design of organizations.Together they explore and illustrate many aspects of the economicapplication of game theory in industrial organization.
In a lengthy introduction, the editors conduct a comprehensivesurvey of the hypothesis of game theory and its goals whichprovides a unique perspective on the subject. At the same time,they warn the theory is not sufficiently well developed to providean analysis of all games.
The papers which follow fall into three sections: equilibriumtheory, imperfect competition and the design of organizations.Together they explore and illustrate many aspects of the economicapplication of game theory in industrial organization.