The theory of competition has held a central place in economic analysis since the time of 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 competition. Making use of insights from game theory, search theory and bargaining theory, the author develops a model to explain what actually goes on in markets and how a competitive general equilibrium is achieved. Essential reading for graduate courses in game theory and general equilibrium.
Strategic Foundations of General Equilibrium
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Editorial Reviews
Review
"Strategic Foundations of General Equilibrium takes an important step towards rectifying this shortcoming of the general equilibrium model...I found this book to be very instructive. While the subject matter is highly technical, the author made the material as accessible as possible. Gale has a fluent writing style." Eastern Economic Journal
Review
"Strategic Foundations of General Equilibrium takes an important step towards rectifying this shortcoming of the general equilibrium model...I found this book to be very instructive. While the subject matter is highly technical, the author made the material as accessible as possible. Gale has a fluent writing style." Eastern Economic Journal
--This text refers to an out of print or unavailable edition of this title.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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continuity principle, competitive limit theorem, asymptotic allocation, competitive interval, brium outcome, attainable allocations, strategic foundations, limiting allocation, marginal bid, competitive sequence, equilibrium payoff, competitive equilibrium allocation, continuation game, limit allocation, equilibrium play, pure exchange economy, strategic complements, dynamic matching, strategic substitutes, random matching, commodity bundle, equilibrium path Key Phrases - Capitalized Phrases (CAPs): (learn more)
Limit Principle, Edgeworth Process, Edgeworth Box, Referee's Theorem, The Martingale Convergence Theorem, Proof Suppose Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
continuity principle, competitive limit theorem, asymptotic allocation, competitive interval, brium outcome, attainable allocations, strategic foundations, limiting allocation, marginal bid, competitive sequence, equilibrium payoff, competitive equilibrium allocation, continuation game, limit allocation, equilibrium play, pure exchange economy, strategic complements, dynamic matching, strategic substitutes, random matching, commodity bundle, equilibrium path Key Phrases - Capitalized Phrases (CAPs): (learn more)
Limit Principle, Edgeworth Process, Edgeworth Box, Referee's Theorem, The Martingale Convergence Theorem, Proof Suppose Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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