Game Theory and Economic Analyst

Topics: Game theory, Economics, John von Neumann Pages: 273 (83837 words) Published: January 30, 2013
Game Theory and Economic
Analysis

Game Theory and Economic Analysis presents the wide range of current contributions of game theory to economics. The chapters fall broadly into two categories. Some lay out in a jargon-free manner a particular branch of the theory, the evolution of one of its concepts, or a problem that runs through its development. Others are original pieces of work that are significant to game theory as a whole.

After taking the reader through a concise history of game theory, the contributors discuss such topics as:







the connections between Von Neumann’s mathematical game theory and the domain assigned to it today since Nash
the strategic use of information by game players
the problem of the coordination of strategic choices between independent players in non-cooperative games cooperative games and their place within the literature of games incentive and the implementation of a collective decision in gametheoretic modeling team games and the implications for firms’ management.

The nature of the subject and the angle from which it is examined will ensure that Game Theory and Economic Analysis reaches a wide readership. As an established scholar in the area of game theory, Christian Schmidt has produced an authoritative book with contributions from economists of the very highest rank and profile, some of them well known beyond the boundaries of the game-theoretic community.

Christian Schmidt is Professor at the University of Paris-Dauphine. He has recently published La théorie des jeux: essai d’interprétation (PUF, 2001).

© 1995 Éditions Dalloz
English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors

Routledge Advances in Game Theory
Edited by Christian Schmidt

1 Game Theory and Economic Analysis
A quiet revolution in economics
Edited by Christian Schmidt

© 1995 Éditions Dalloz
English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors

Game Theory and Economic
Analysis
A quiet revolution in economics

Edited by Christian Schmidt

London and New York
© 1995 Éditions Dalloz
English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors

First published in French in 1995 as
Théorie des jeux et analyse économique 50 ans après (special issue of Revue d’Economie Politique, 1995, no. 4, pp. 529–733)
by Éditions Dalloz (Paris)
This edition published 2002
by Routledge
11 New Fetter Lane, London EC4P 4EE
Simultaneously published in the USA and Canada
by Routledge
29 West 35th Street, New York, NY 10001
Routledge is an imprint of the Taylor & Francis Group
This edition published in the Taylor & Francis e-Library, 2004. © 1995 Éditions Dalloz
English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors
All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic,
mechanical, or other means, now known or hereafter
invented, including photocopying and recording, or in any
information storage or retrieval system, without permission in writing from the publishers.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data
Game theory and economic analysis / [edited by] Christian Schmidt. p. cm. – (Routledge advances in game theory; 001)
Includes bibliographical references and index.
1. Game theory. 2. Economics. I. Schmidt, Christian. II.
Series.
HB144.G3727 2002
330′.01′5193 – dc21

2001056890

ISBN 0-203-16740-6 Master e-book ISBN

ISBN 0-203-26226-3 (Adobe eReader Format)
ISBN 0–415–25987–8 (Print Edition)

© 1995 Éditions Dalloz
English edition: editorial matter and selection © 2002 Christian Schmidt; individual chapters © the contributors

Contents...

References: Aoki, M. (1986) “Horizontal versus vertical information structure of the firm,”
American Economic Review, 5, 971–83.
Broseta, R. (1993) “Strategic uncertainty and learning in coordination games,”
University of California, San Diego, mimeo, 93–34.
Chandler, A. D. Jr (1962) Strategy and Structure, Cambridge, MA: MIT Press.
Crawford, V. P. and Haller, H. (1990) “Learning how to cooperate: optimal play in
repeated coordination games,” Econometrica, 58, 3, 571–96.
Crémer, J. (1980) “A partial theory of the optimal organization of a bureaucracy,”
The Bell Journal of Economics, 11, 2.
de Jaegere, A. and Ponssard, J. P. (1990) “La comptabilité: genèse de la modélisation
en économie d’entreprise,” Annales des Mines, Gérer et Comprendre, March, 90–8.
de Jaegere, A. (1991) “Vers un contrôle de gestion stratégique: un exemple de mise en
oeuvre,” Economie Rurale, 206, 97–104.
Hall, R. I. (1984) “The natural logic of management policy making: its implications
for the survival of an organization,” Management Science, 30, 8, 30–8.
Hart, O. and Holmstrom, B. (1987) “The theory of contracts,” in Advances in
Economic Theory: Fifth World Congress, T
Johnson, H. T. and Kaplan, R. S. (1987) Relevance Lost: The Rise and Fall of Management Accounting, Cambridge, MA: Harvard University Press.
Kramarz, F. (1994) “Dynamic focal points in N person coordination games,” Theory
and Decision, 40: 277–313.
Kreps, D. M. (1984) “Corporate culture and economic theory,” in Perspectives on
Positive Political Economy, J
Marschak, J. and Radner, R. (1972) Economic Theory of Teams, New Haven, CT: Yale
University Press.
Mayer, D. J. Van Huyck, J. B, Battalio, R., and Saving, T. R. (1992) “History’s role in
coordinating decentralized allocation decisions,” Journal of Political Economy, 100,
Milgrom, P. and Roberts, J. (1992) Economics, Organization and Management, Englewood Cliffs, NJ: Prentice-Hall.
Ponssard, J. P. and Tanguy, H. (1993) “Planning in firms as an interactive process,”
Theory and Decision, 34, 139–59.
Schelling, T. C. (1960) The Strategy of Conflict, Cambridge, MA: Harvard University
Press.
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