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Game Theory and Economic Modelling
Abstract
Beginning in the early to the mid‐1970s, non‐cooperative game theory became an important tool of economics. This book is based on a series of lectures given at Oxford, and comments on this use of non‐cooperative game theory. After providing a non‐technical introduction to the basic ideas of non‐cooperative game theory, the book discusses: (1) how and why game theory has been a success—because it permits economists to model and analyse situations of dynamic competition and where private information plays an important role; (2) how and why the theory has failed—to provide an understanding of when it (and equilibrium analysis) applies, when not, and what to do when not; and (3) how its weaknesses might be addressed—by considering individuals who are imperfectly rational and learn adaptively.
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Citations
Cited by
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Svolik, M. W. (2012) · doi:10.1017/cbo9781139176040 · Cited by 2,611
Global Games and Equilibrium Selection
Carlsson, H., & van Damme, E. (1993) · Econometrica · doi:10.2307/2951491 · Cited by 1,535
Bargaining and Distribution in Marriage
Lundberg, S., & Pollak, R. A. (1996) · Journal of Economic Perspectives · doi:10.1257/jep.10.4.139 · Cited by 1,205
Models of the Multinational Enterprise
Buckley, P. J., & Casson, M. C. (1998) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8490023 · Cited by 507
On agent-mediated electronic commerce
He, M., Jennings, N. R., & Leung, H.-F. (2003) · IEEE Transactions on Knowledge and Data Engineering · doi:10.1109/tkde.2003.1209014 · Cited by 389
Metadata
- Authors
- Kreps, D. M.
- Publisher
- Oxford University PressOxford
- Published
- 1990-10-04
- OpenAlex
- W2065759699
- Cited by
- 1,023
- References
- 0
- FWCI
- 12.19
- Type
- book
- Language
- en
- Open access
- closed
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- Kreps, D. M. (1990). Game Theory and Economic Modelling. https://doi.org/10.1093/0198283814.001.0001
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
