Strategic foundations of general equilibrium: dynamic matching and bargaining games

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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.

Author(s): Douglas Gale
Series: Churchill lectures in economic theory
Edition: 1
Publisher: Cambridge University Press
Year: 2000

Language: English
Pages: 201
City: Cambridge, UK; New York

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