Strategic Foundations of General Equilibrium
Strategic Foundations of General Equilibrium
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.
- Written by leading economic theorist
- Introduces reader to leading edge research in central area of economic theory
- Provides foundations for new theory of general competitive equilibrium
Reviews & endorsements
"Strategic Foundations of General Equilibrium takes an important step towards rectifying this shortcoming of the general equilibrium model...I found this book to be very instructive. While the subject matter is highly technical, the author made the material as accessible as possible. Gale has a fluent writing style." Eastern Economic Journal
Product details
January 2005Adobe eBook Reader
9780511036651
0 pages
0kg
This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
- 1. Markets and games
- 2. Perfect competition
- 3. Continuity and anonymity
- 4. Bounded rationality
- 5. Afterthoughts.
