Essays in Economic Theory (Routledge Revivals)

Business & Finance, Economics, Microeconomics, Theory of Economics
Cover of the book Essays in Economic Theory (Routledge Revivals) by Vincent Crawford, Taylor and Francis
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Author: Vincent Crawford ISBN: 9781317511052
Publisher: Taylor and Francis Publication: August 11, 2015
Imprint: Routledge Language: English
Author: Vincent Crawford
ISBN: 9781317511052
Publisher: Taylor and Francis
Publication: August 11, 2015
Imprint: Routledge
Language: English

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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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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