Strategic Foundations of General Equilibrium

Dynamic Matching and Bargaining Games

• Author(s): Douglas Gale,
• Publisher: Cambridge University Press
• Pages: 232
• ISBN_10: 0521643309
  ISBN_13: 9780521643306
  
• Language: en
• Categories: Business & Economics / Economics / Microeconomics , Business & Economics / Economics / Theory ,

Description:... 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.