1st Edition

Essays in Economic Theory (Routledge Revivals)

By Vincent Crawford Copyright 1983
102 Pages
by Routledge

102 Pages
by Routledge

102 Pages
by Routledge

Essays in Economic Theory , first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The... Read more

Preface;  Part 1: Learning Behaviour and the Noncooperative Equilibrium;  1. Introduction  2. A Simple Model of Learning Behavior  3. Extensions to the General Case  4. Simulation Experiments  5. Conclusions;  Part 2: A Game of Fair Division;  1. Introduction  2. The Pure-Table Divide and Choose Game  3. The Divide and Choose Game with Production  4. The Divide and Choose Game with Cooperative Trade  5. Further Generalizations; Conclusions

Biography

Vincent Crawford