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Game-theoretic methods in general equilibrium analysis

  • 268 Pages
  • 4.55 MB
  • English

Kluwer Academic , Dordrecht, Boston
Equilibrium (Economics) -- Mathematical models -- Congresses, Game theory -- Congr
Statementedited by Jean-François Mertens and Sylvain Sorin.
SeriesNATO ASI series. Series D, Behavioural and social sciences ;, vol. 77, NATO ASI series., no. 77.
ContributionsMertens, Jean-François, 1946-, Sorin, Sylvain., North Atlantic Treaty Organization. Scientific Affairs Division., NATO Advanced Study Institute on "Game-Theoretic Methods in Economic Equilibrium Analysis" (1991 : Long Island City, N.Y.)
LC ClassificationsHB145 .N38 1994
The Physical Object
Pagination268 p. :
ID Numbers
Open LibraryOL1103212M
ISBN 100792330110
LC Control Number94028202

JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi­ librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium.

This book presents the first systematic exposition of the use of game-theoretic methods in general equilibrium analysis.

Description Game-theoretic methods in general equilibrium analysis FB2

Rather than focusing on single concepts it covers all basic equivalence theorems -- core, bargaining set, Shapley and Harsanyi value, Nash equilibria -- including an. This volume on non-cooperative games and equilibrium analysis contains a variety of non-cooperative games and non-cooperative game equilibria from prominent authors in the field.

Part 2: Cooperative Games and Axiomatic Values. It is well known that non-cooperative behaviours, in general, would not lead to a Pareto optimal outcome. This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Keywords Cooperative Game Solution Concept Competitive Equilibrium General Equilibrium Model Core Allocation.

Walsh, D. Parkes, and R. Das.

Details Game-theoretic methods in general equilibrium analysis EPUB

Choosing samples to compute heuristic-strategy Nash equilibrium Proceedings of the Fifth Workshop on Agent-Mediated Electronic Commerce. Google Scholar; Michael P.

Wellman. Methods for Empirical Game-Theoretic Analysis. Game-Theoretic Methods in General Equilibrium Analysis. CrossRef; Google Scholar; Cramton, Peter C. This book Game-theoretic methods in general equilibrium analysis book a comprehensive account of recent results concerning the game-theoretic analysis of two-sided matching.

The focus of the book is on the stability of outcomes, on the incentives that different rules of. A game theoretic formulation leads to a scheme for competitive bandwidth allocation which respects radios' individual interests while enforcing fairness between users. An on-line adaptive learning scheme is again proposed for negotiating fair, equilibrium resource allocations, while dynamically adjusting to changing conditions.

24 General equilibrium of the market economy with an excess demand correspondence General equilibrium with set-valued supply and demand Production with a (weakly) convex production technology Households The market economy The artificially restricted economy Existence of competitive equilibrium Founded inthe NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

ISBN: OCLC Number: Notes: "Published in cooperation with NATO Scientific Affairs Division." "Proceedings of the NATO Advanced Study Institute on Game-Theoretic Methods in Economic Equilibrium Analysis, Long Island, NY, U.S.A., July". “The book is devoted to the presentation of such methods applied to solving a variety of discrete stochastic and deterministic DGE models in infinite time horizon.

The way the book is written enables to use it as a lecture book for courses on computational methods in macroeconomics or modern dynamic equilibrium modeling for graduate students. Game theoretic methods continue to develop documented that firm size and the ratio of book to market equity are important factors in explaining average stock returns.

In addition to these general equilibrium model was considered by Harrison and Kreps () and Duffie and Huang (). Repeated trading allows markets to be made. In a general equilibrium system, the quantity demanded of each good is described by an equation in which its quantity demanded is a function of prices of all goods.

Likewise, in general equilibrium analysis, quantity supplied of each good is considered to be the function of. A game-theoretic analysis of demand response in electricity markets.

This section provides an equilibrium analysis of the. general form without imposing any particular structure on the. Game-Theoretic Validation and Analysis of Air Combat Simulation Models October IEEE Transactions on Systems Man and Cybernetics - Part A Systems and Humans 40(5) -   Obtaining the Nash equilibrium in an incomplete information game.

An incomplete information non-cooperative game-theoretic method where each generation company (GENCO) perceives strategies of other market participants was applied to make decisions about strategic generation capacity expansion.

the objective of the game-theoretic. In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general l equilibrium theory contrasts to the theory of partial equilibrium, which only analyzes single markets.

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and people realize that the behavior of others is not perfectly predictable.

Game-Theoretic Methods in General Equilibrium Analysis, Kluwer Academic Press, Boston () Google Scholar This research was supported in part by the National Science Foundation. The book describes recent successes of this method.

It gives many examples of the axiomatic approach, ranging from the construction of numerical indices for measuring inequality, to the pricing of a regulated monopoly, to the comparison of various voting rules.

(e.g., equilibrium analysis of the game). Security decisions arrived at using such game-theoretic approaches help to allocate limited resources, balance perceived risks, and take into account the underlying incentive mechanisms.

The increasing numbers of books. Game-Theoretic Methods in General Equilibrium Analysis. Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and. cooperation game theoretic approaches nato asi subseries f pdf original 1st ed edition by sergiu hart editor visit amazons sergiu hart page find all the books read sets in game theoretic methods in general equilibrium analysis ed j f mertens and s sorin nato asi series.

Gerard Debreu: A French-American economist and mathematician and winner of the Nobel Memorial Prize in Economics for his research in general equilibrium theory. Gerard Debreu became famous. Game Equilibrium Models II: Methods, Morals, and Markets by Reinhard Selten (Editor) ISBN ISBN Why is ISBN important.

ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. The digit and digit formats both work. OPTIMAL CONTROL APPLICATIONS & METHODS, VOL. 8, () BOOK REVIEWS OPTIMAL CONTROL THEORY AND ECONOMIC ANALYSIS 2, G. Feichtinger (ed.), North Holland,No.

of pages: Price: $ISBN: This volume is a collection of papers presented at the 2nd Viennese Workshop on Economic Appli. The result is an equilibrium found by backward induction of Player 1 choosing "right" and Player 2 choosing "up." Below is the solution to the game with the equilibrium path in bold.

Image by. The four volumes of Game Equilibrium Models present applications of non-cooperative game theory. Medical books Game Equilibrium Models I. Problems of strategic interaction arising in biology, economics, political science and the social sciences in general are treated in 42 papers on a wide variety of subjects.

"The Shapley Value," in Game-Theoretic Methods in General Equilibrium Analysis, edited by J.-F. Mertens and S.

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Sorin, Kluwer Academic Publishers, Dordrecht,pp. " Economic Applications of the Shapley Value," in Game-Theoretic Methods in General Equilibrium Analysis, edited by J.-F. Mertens and S. Sorin, Kluwer Academic. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business.

That is, we can employ game-theoretic methods to study essentially any political setting. Thus we can think of the analytical discipline required by the Nash equilibrium and related equilibrium concepts as a general methodology for theory-building in political science.

4.such as equilibrium analysis and security mechanism designs. In addition, we provide a discussion on the advantages, drawbacks, and future direction of using game theory in this field.

In this survey, our goal is to instill in the reader an enhanced understanding of different research approaches in applying game-theoretic methods to network. The BAP Handbook by Kalyn Johnson, Tracey Lewis, Karla Lightfoot & Ginger Wilson Broadway Books, June$ ISBN Do .