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2002
| The papers in this volume were originally published in Review of Economic Design Vol 6: 2-3 (2001), the special issues in honor of Roy Radner. By publishing them in a hard-cover volume this year, we are happy to celebrate Roy's 75the birthday.
Through his truly original ideas and lucid writing, Roy has influenced and guided the theory community for decades. Many colleagues and students have found their own work shaped and improved by Roy's wide-ranging curiousity, his encouragement, and his....[more] |
1991
| This monograph presents my view on the essential workings of the modern economy -- the view that I have developed over almost two decades. The presentation here is formal, that is, axiomatic. Axiomatic treatment conveys ideas clearly, and avoids any influence on analysis of a particular interpretation of the model and a specific ideology. Using the axiomatic method, I hope I have expressed my economic view clearly here, both its scope and limits. I could not find any existing economic model ....[more] |
2006
| Since the 1970s, we have seen voluminous literature on the analysis of economic problems with asymmetric information. Harsanyi's (1967/68) Bayesian game and Bayesian equilibrium have served as a conceptual foundation for these analyses. While the literature provided new insights into the workings of the present-day economy which the traditional neoclassical paradigm failed to analyze, many works actually postulated a quite restrictive mode of players' interaction, that is, the principal-agent ....[more] |
1996
| This textbook is designed for first year graduate students in economics who, regardless of their plans about fields of specialization in the subsequent years, theoretical or applied, want to have a solid understanding of the basic ideas in the contemporary microeconomic theory and its underlying game-theoretical structure. It illuminates a self-contained, essential profile of the neoclassical paradigm, presents its recent extensions, in particular the economics of uncertainty and information, p....[more] |
1990
| Game Theory and Applications outlines game theory and proves its validity by examining it alongside the neoclassical paradigm. This book contends that the neoclassical theory is the exceptional case, and that game theory may indeed be the rule. The papers and abstracts collected here explore its recent development and suggest new research directions. Key Features * Explains many of the recent central developments in game theory * Highlights new research directions in economic theory which surpa....[more] |
1983
| The purpose of this book is to present the development over the past three decades of three strands in n-person game theory, with strong emphasis on applications to general economic equilibrium analysis. The first strand, represented by the Nash equilibrium of a game in normal form, studies an equilibrium concept of a society in which everybody behaves noncooperatively and passively. The second strand, represented by the core of a game in characteristic function form, studies the stable outco....[more] |
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