Game Theory And Economic Analysis

Game Theory and Economic Analysis Game Theory and Economic Analysis presents the wide range of current contributions of game theory to economics. The chapters fall broadly into two categories. Some lay out in a jargon-free manner a particular branch of the theory, the evolution of one of its concepts, or a problem that runs through its development. Others are original pieces of work that are significant to game theory as a whole. After taking the reader through a concise history of game theory, the contributors discuss such topics as: • • • • • • the connections between Von Neumann’s mathematical game theory and the domain assigned to it today since Nash the strategic use of information by game players the problem of the coordination of strategic choices between independent players in non-cooperative games cooperative games and their place within the literature of games incentive and the implementation of a collective decision in gametheoretic modeling team games and the implications for firms’ management. The nature of the subject and the angle from which it is examined will ensure that Game Theory and Economic Analysis reaches a wide readership. As an established scholar in the area of game theory, Christian Schmidt has produced an authoritative book with contributions from economists of the very highest rank and profile, some of them well known beyond the boundaries of the game-theoretic community. Christian Schmidt is Professor at the University of Paris-Dauphine. He has recently published La théorie des jeux: essai d’interprétation (PUF, 2001). © 1995 Éditions Dalloz English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors Routledge Advances in Game Theory Edited by Christian Schmidt 1 Game Theory and Economic Analysis A quiet revolution in economics Edited by Christian Schmidt