Fernando Vega-Redondo's self-contained account of the main contributions of modern game theory and its applications to economics starts with a detailed description of how to model strategic situations. The discussion proceeds by studying basic solution concepts and their main refinements; games played under incomplete information; and repeated games. For each of these theoretical developments, the text includes a companion set of applications that cover the most representative instances of game-theoretic analysis in economics (e.g., oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions).
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Book Description
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Book Description
This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its appl ications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions.
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10 of 10 people found the following review helpful:
5.0 out of 5 stars
My favorite game theory book,
By Econ PhD Student (Cornell University) - See all my reviews
This review is from: Economics and the Theory of Games (Paperback)
I am a PhD student at Cornell studying game theory, and this is by far my favorite non-cooperative game theory book. It's written at a similar level as Fudenberg and Tirole's book but with better examples, explanations, and organization. These strengths make it a very good book to learn advanced game theory. Additionally, it covers popular recent topics such as evolutionary game theory and networks in more detail than in other advanced books (F&T, Osborne & Rubinstein, Myerson, etc.).
With that said, it is not an easy book, requiring strong math skills, etc. If you are looking for a simple introduction, check out the books by Gibbon or Gintis.
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Inside This Book
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First Sentence:
In ordinary language, we speak of a "game" as a (generally amusing) process of interaction that involves a given population of individuals, is subject to some fixed rules, and has a prespecified collection of payoffs associated to every possible outcome. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
payoff monotonicity, unperturbed process, deviated unilaterally, simple entry game, stochastically stable states, intertemporal payoffs, limit average payoffs, subgameperfect equilibrium, bilateral game, unperturbed dynamics, additive invariance, affine strategies, minimax payoff, equilibrium multiplicity, centralized interaction, following payoff table, strategic setups, modified battle, ante viewpoint, induced payoffs, stage payoffs, induced game, shopping fan, monomorphic states, perfect observability Key Phrases - Capitalized Phrases (CAPs): (learn more)
King Solomon, Exercises Exercise, American West New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
In ordinary language, we speak of a "game" as a (generally amusing) process of interaction that involves a given population of individuals, is subject to some fixed rules, and has a prespecified collection of payoffs associated to every possible outcome. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
payoff monotonicity, unperturbed process, deviated unilaterally, simple entry game, stochastically stable states, intertemporal payoffs, limit average payoffs, subgameperfect equilibrium, bilateral game, unperturbed dynamics, additive invariance, affine strategies, minimax payoff, equilibrium multiplicity, centralized interaction, following payoff table, strategic setups, modified battle, ante viewpoint, induced payoffs, stage payoffs, induced game, shopping fan, monomorphic states, perfect observability Key Phrases - Capitalized Phrases (CAPs): (learn more)
King Solomon, Exercises Exercise, American West New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 31
books:
See all 31 books this book cites
1
book
cites this book:
- Contributions to the Theory of Games, Vol. III (Annals of Mathematics Studies) by Melvin Dresher in Back Matter (1), and Back Matter (2)
- Differential Equations (2nd Edition) by John Polking in Back Matter
- Game Theory by Drew Fudenberg in Back Matter
- The Principles of Mathematical Analysis (International Series in Pure & Applied Mathematics) by Walter Rudin in Back Matter
- Game Theory: Analysis of Conflict by Roger B. Myerson in Back Matter
See all 31 books this book cites
- Access Pricing: Theory and Practice by Ralf Dewenter on page 175
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