Picture 1 of 1
Gallery
Picture 1 of 1
Have one to sell?
Game Theory for Applied Economists by Robert Gibbons (English) Paperback Book
US $119.49
ApproximatelyC $164.01
Condition:
Brand New
A new, unread, unused book in perfect condition with no missing or damaged pages. See the seller’s listing for full details.
3 available
- Buy It NowGame Theory for Applied Economists by Robert Gibbons (English) Paperback Book
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
Shipping:
Free USPS Ground Advantage®.
Located in: Fairfield, Ohio, United States
Delivery:
Estimated between Sat, Aug 2 and Mon, Aug 11
Returns:
30 days return. Buyer pays for return shipping. If you use an eBay shipping label, it will be deducted from your refund amount.
Payments:
Shop with confidence
Seller assumes all responsibility for this listing.
eBay item number:396702950210
Item specifics
- Condition
- ISBN-13
- 9780691003955
- Book Title
- Game Theory for Applied Economists
- ISBN
- 9780691003955
About this product
Product Identifiers
Publisher
Princeton University Press
ISBN-10
0691003955
ISBN-13
9780691003955
eBay Product ID (ePID)
925153
Product Key Features
Number of Pages
284 Pages
Language
English
Publication Name
Game Theory for Applied Economists
Publication Year
1992
Subject
Game Theory, Economics / General, Econometrics
Type
Textbook
Subject Area
Mathematics, Business & Economics
Format
Trade Paperback
Dimensions
Item Height
0.7 in
Item Weight
14 Oz
Item Length
9.2 in
Item Width
6.1 in
Additional Product Features
Intended Audience
College Audience
Reviews
"Lucid and detailed introduction to game theory in an explicitly economic context." -- Cooperative Economic News Service, Lucid and detailed introduction to game theory in an explicitly economic context. -- Cooperative Economic News Service, "Lucid and detailed introduction to game theory in an explicitly economic context."-- Cooperative Economic News Service
Illustrated
Yes
Table Of Content
1 Static Games of Complete Information 1 1.1 Basic Theory: Narmal-Form Games and Nash Equilibrium 2 1.1.A Normal-Form Representation of Games 2 1.1.B Iterated Elimination of Strictly Dominated Strategies 4 1.1.C Motivation and Definition of Nash Equilibriuin 8 1.2 Applications 14 1.2.A Cournot Model of Duopoly 14 1.2.B Bertrand Model of Duopoly 21 1.2.C Final-Offer Arbitration 22 1.2.D The Problem of the Commons 27 1.3 Advanced Theory: Mixed Strategies and Existence of Equilibriutn 29 1.3.A Mixed Strategies 29 1.3.B Existence of Nash Equilibrium 33 2 Dynamic Games of Complete Information 55 2.1 Dynamic Games of Complete and Perfect Information 57 2.1.A Theory: Backwards Induction 57 2.1.B Stackelberg Model of Duopoly 61 2.1.C Wages and Employment in a Unionized Firm 64 2.1.D Sequential Bargaining 68 2.2 Two-Stage Games of Complete but Imperfect Information 71 2.2.A Theory: Subgame Perfection 71 2.2.B Bank Runs 73 2.2.C Tariffs and Imperfect International Competition 75 2.2.D Tournaments 79 2.3 Repeated Games 82 2.3.A Theory: Two-Stage Repeated Games 82 2.3.B Theory: Infinitely Repeated Games 88 2.3.C Collusion between Cournot Duopolists 102 2.3.D Efficiency Wages 107 2.3.E Time-Consistent Monetary Policy 112 2.4 Dynamic Games of Complete but Imperfect Information 115 2.4.A Extensive-Form Representation of Games 115 2.4.B Subgame-Perfect Nash Equilibriuin 122 3 Static Games of Incomplete Information 143 3.1 Theory: Static Bayesian Ganies and Bayesian Nash Equilibrium 144 3.1.A An Example: Cournot Competition under Asymmetric Information 144 3.1.B Normal-Form Representation of Static Bayesian Games 146 3.1.C Definition of Bayesian Nash Equilibrium 149 3.2 Applications 152 3.2.A Mixed Strategies Revisited 152 3.2.B An Auction 155 3.2.C A Double Auction 158 3.3 The Revelation Principle 164 4 Dynamic Games of Incomplete Information 173 4.1 Introduction to Perfect Bayesian Equilibrium 175 4.2 Signaling Games 183 4.2.A Perfect Bayesian Equilibrium in Signaling Games 183 4.2.B Job-Market Signaling 190 4.2.C Corporate Investment and Capital Structure 205 4.2.D Monetary Policy 208 4.3 Other Applications of Perfect Bayesian Equilibrium 210 4.3.A Cheap-Talk Games 210 4.3.B Sequential Bargaining under Asymmetric Information 218 4.3.C Reputation in the Finitely Repeated Prisoners' Dilemnia 224 4.4 Refinements of Perfect Bayesian Equilibrium 233 Index 257
Synopsis
An introduction to one of the most powerful tools in modern economics Game Theory for Applied Economists introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works too abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium., This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphas, This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.
Item description from the seller
Seller feedback (1,054,037)
- r***r (2959)- Feedback left by buyer.Past 6 monthsVerified purchaseBook arrived today, 2 days before deadline given by the seller. Well-packaged & in good condition. Price was very competitive, & the book was accurately listed. Great communication. I appreciate the seller getting back to me when I was having trouble tracking the book's delivery progress. Apparently there were 2 different tracking numbers - one in Canada & the other in the U.S., since it was initially shipped from Canada. Thank you very much for your quick response & helpful information.Rethinking Investing: A Very Short Guide to Very Long-Term Investing by Charles (#396183075510)
- e***_ (13)- Feedback left by buyer.Past 6 monthsVerified purchaseSeller handles a massive inventory so I give them grace on the slow processing and shipping. They were very communicative and prompt with their response when I messaged in asking about it. Book was in good condition as described. Small ding on the page edges which wasn't mentioned, but that's fairly common even at your typical book store. Still a good value and I'd buy from them again.
- 0***i (5)- Feedback left by buyer.Past monthVerified purchaseThe first item arrived with some damage to the inside back cover, but the seller responded immediately, assuring me they’d provide a replacement, and even told me I could keep the original. They were upfront about a short delay, and gave a clear estimated ship date, and followed up right on time once it shipped. The replacement arrived in perfect condition and exactly as described. I really appreciated their transparency and professionalism. Would definitely buy from them again!
More to explore:
- Robert Ludlum Paperbacks Books in English,
- Puzzles, Trivia & Indoor Games Nonfiction Game Theory Paperbacks Books in English,
- Nora Roberts Paperbacks Books Nonfiction in English,
- Robert Barrett Nonfiction Paperbacks Books in English,
- Robert Louis Stevenson Paperbacks Books in English,
- Paperbacks Books in English,
- The Economist Magazines in English,
- Nora Roberts Paperbacks Books,
- Robert Ludlum Paperbacks Books,
- Fiction Paperbacks Books in English
Seller feedback (1,054,037)
- r***r (2959)- Feedback left by buyer.Past 6 monthsVerified purchaseBook arrived today, 2 days before deadline given by the seller. Well-packaged & in good condition. Price was very competitive, & the book was accurately listed. Great communication. I appreciate the seller getting back to me when I was having trouble tracking the book's delivery progress. Apparently there were 2 different tracking numbers - one in Canada & the other in the U.S., since it was initially shipped from Canada. Thank you very much for your quick response & helpful information.Rethinking Investing: A Very Short Guide to Very Long-Term Investing by Charles (#396183075510)
- e***_ (13)- Feedback left by buyer.Past 6 monthsVerified purchaseSeller handles a massive inventory so I give them grace on the slow processing and shipping. They were very communicative and prompt with their response when I messaged in asking about it. Book was in good condition as described. Small ding on the page edges which wasn't mentioned, but that's fairly common even at your typical book store. Still a good value and I'd buy from them again.
- 0***i (5)- Feedback left by buyer.Past monthVerified purchaseThe first item arrived with some damage to the inside back cover, but the seller responded immediately, assuring me they’d provide a replacement, and even told me I could keep the original. They were upfront about a short delay, and gave a clear estimated ship date, and followed up right on time once it shipped. The replacement arrived in perfect condition and exactly as described. I really appreciated their transparency and professionalism. Would definitely buy from them again!