Features
- Cover Type: Paperback with 524 pages
- Published by: Cambridge University Press July 28, 2003
- Written in: English
- ISBN 10 Number: 0521775906
- ISBN 13 Number: 978-0521775908
-
Book Dimensions:
9.7 x 6.9 x 1.2 inches
- Weighs: 1.8 pounds
Product Description
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).
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.
Reader ReviewsI 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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