Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games (Churchill Lectures in Economics)
By
Douglas Gale (Author)
Paperback
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The theory of competition has held a central place in economic analysis since 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 perfect competition. Beginning with a concise survey of how the theory of competition has evolved, Gale makes extensive and rigorous use of dynamic matching and bargaining models to provide a more complete description of how a competitive equlibrium is achieved. Whereas economists have made use of a macroscopic description of markets in which certain behavioral characteristics, such as price-taking behavior, are taken for granted, Gale uses game theory to re-evaluate this assumption, beginning with individual agents and modelling their strategic interaction. A strategic foundation for competitive equilibrium shows how such interaction leads to competitive, price-taking behavior. Essential reading for graduate courses in game theory and general equilibrium. Worked examples or Exercises
More Details
- Contributor: Douglas Gale
- Imprint: Cambridge University Press
- ISBN13: 9780521644105
- Number of Pages: 234
- Packaged Dimensions: 140x216x14mm
- Packaged Weight: 300
- Format: Paperback
- Publisher: Cambridge University Press
- Release Date: 2000-08-15
- Series: Churchill Lectures in Economics
- Binding: Paperback / softback
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