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Essays in Economic Theory (Routledge Revivals)

Vincent Crawford
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A01=Vincent Crawford
allocations
Author_Vincent Crawford
Bargaining Disputes
Category=KCA
Category=KCH
choose
Confers
Desirable Bundle
divide
efficient
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equilibria
Equilibrium Mixed Strategies
fair
Fair Allocation
Fair Division
Feasible Allocation
Follow
Game Allocations
Hold
Identical Preferences
Independent
Mixed Strategies
Mixed Strategy Nash Equilibria
nash
Nash Equilibria
Noncooperative Equilibrium
pareto
Pareto Efficient Allocations
Polynomial Time Trend
pure
Pure Strategies
Pure Strategy Equilibria
Standpoint
strategy
Strategy Equilibria
Strong
Tatonnement Process
Unstable

Product details

  • ISBN 9781138858671
  • Weight: 170g
  • Dimensions: 138 x 216mm
  • Publication Date: 06 Jun 2016
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.

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