Modeling Strategic Behavior A Graduate Introduction To Game Theory And Mechanism Design
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Modeling Strategic Behavior A Graduate Introduction To Game Theory And Mechanism Design
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Author : George J Mailath
language : en
Publisher: World Scientific
Release Date : 2018-12-18
Modeling Strategic Behavior A Graduate Introduction To Game Theory And Mechanism Design written by George J Mailath and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-18 with Business & Economics categories.
It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.
Modeling Strategic Behavior
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Author : George Joseph Mailath
language : en
Publisher:
Release Date : 2018
Modeling Strategic Behavior written by George Joseph Mailath and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with BUSINESS & ECONOMICS categories.
Repeated Games And Reputations
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Author : George J. Mailath
language : en
Publisher: Oxford University Press
Release Date : 2006-09-28
Repeated Games And Reputations written by George J. Mailath and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-28 with Business & Economics categories.
Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of a repeated game, strategy, and equilibrium. Mailath and Samuelson then present the classic folk theorem and reputation results for games of perfect and imperfect public monitoring, with the benefit of the modern analytical tools of decomposability and self-generation. They also present more recent developments, including results beyond folk theorems and recent work in games of private monitoring and alternative approaches to reputations. Repeated Games and Reputations synthesizes and unifies the vast body of work in this area, bringing the reader to the research frontier. Detailed arguments and proofs are given throughout, interwoven with examples, discussions of how the theory is to be used in the study of relationships, and economic applications. The book will be useful to those doing basic research in the theory of repeated games and reputations as well as those using these tools in more applied research.
Economics Game Theory And International Environmental Agreements The Ca Foscari Lectures
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Author : Henry Tulkens
language : en
Publisher: World Scientific
Release Date : 2019-05-29
Economics Game Theory And International Environmental Agreements The Ca Foscari Lectures written by Henry Tulkens and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-29 with Business & Economics categories.
The science and management of environmental problems is a vast area, comprising both the natural and social sciences, and the multidisciplinary links often make these issues challenging to comprehend. Economics, Game Theory and International Environmental Agreements: The Ca' Foscari Lectures aims to introduce students to the multidimensional character of international environmental problems in general, and climate change in particular.Ecology, economics, game theory and diplomacy are called upon and brought together in the common framework of a basic mathematical model. Within that framework, and using tools from these four disciplines, the book develops a theory that aims to explain and promote cooperation in international environmental affairs.Other books on the topic tend to be research-oriented volumes of various papers. Instead, this is a book that offers a reasonably-sized synthesis of the multidimensional societal problems of transfrontier pollution, particularly of climate change. It uses mathematical modeling of economic and game theory concepts to examine these environmental issues and demonstrate many results in an accessible fashion. Readers interested in understanding the links between ecology and economics, as well as the connection between economics and institutional decision-making, will find in this text not only answers to many of their queries but also questions for further thinking.
Lecture Notes In International Trade Theory Classical Trade And Applications
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Author : Larry S Karp
language : en
Publisher: World Scientific
Release Date : 2021-12-08
Lecture Notes In International Trade Theory Classical Trade And Applications written by Larry S Karp and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-08 with Business & Economics categories.
Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes 'second-best' settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution 'leakage' (where pollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the 'transfer problem'), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models.
Twenty Lectures On Algorithmic Game Theory
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Author : Tim Roughgarden
language : en
Publisher: Cambridge University Press
Release Date : 2016-09-01
Twenty Lectures On Algorithmic Game Theory written by Tim Roughgarden and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-01 with Computers categories.
Computer science and economics have engaged in a lively interaction over the past fifteen years, resulting in the new field of algorithmic game theory. Many problems that are central to modern computer science, ranging from resource allocation in large networks to online advertising, involve interactions between multiple self-interested parties. Economics and game theory offer a host of useful models and definitions to reason about such problems. The flow of ideas also travels in the other direction, and concepts from computer science are increasingly important in economics. This book grew out of the author's Stanford University course on algorithmic game theory, and aims to give students and other newcomers a quick and accessible introduction to many of the most important concepts in the field. The book also includes case studies on online advertising, wireless spectrum auctions, kidney exchange, and network management.
Lecture Notes In State And Local Public Finance Parts I And Ii
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Author : John Yinger
language : en
Publisher: World Scientific
Release Date : 2020-01-06
Lecture Notes In State And Local Public Finance Parts I And Ii written by John Yinger and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-06 with Business & Economics categories.
This book is based on lectures conducted for two classes at the Maxwell School, Syracuse University: A Public Finance Seminar for PhD students in public administration and State and Local Public Finance for master's students in public administration.Topics covered include the role of voters in a federal system, the sorting of different households into different communities, the determinants of public service costs, the property tax and other sources of local (and state) revenue, fiscal aspects of economic development, and intergovernmental aid (especially for education).The notes for the Ph.D. class also cover several more advanced topics, such as the estimation of education production and cost functions, the capitalization of school quality into house values, and tax competition among jurisdictions. The focus in these notes is on the highly decentralized federal system in the United States, but many of the principles and much of the behavioral analysis in the class apply to other countries as well.These notes draw on Professor Yinger's extensive teaching experience and publication record in state and local public finance. They should prove useful to many teachers, scholars, and students who find topics in state and local public finance that they wish to pursue.
Lecture Notes In Global Local Policy Interactions
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Author : Ariel Dinar
language : en
Publisher: World Scientific
Release Date : 2022-04-07
Lecture Notes In Global Local Policy Interactions written by Ariel Dinar and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-07 with Political Science categories.
Globalization and recent developments in the world suggest strong relationships between local and global decisions, actions and impacts. Global-local relationships are also associated with positive and negative externalities, which necessitate policy interventions.Lecture Notes in Global-Local Policy Interactions discusses the process of building and managing a global public policy and the interaction of public policies at the global and local (national/regional) levels. This book demonstrates the global negative externalities from under-regulation of various activities by one agent/country that affect the well-being of other agents/countries, and the design of policies (agreements) to reduce the impacts of such externalities. Possible opposed interests to global policies of local stakeholders and the (local) policies they established to tackle such externalities in their jurisdictions are included as well.The book introduces concepts and principles associated with conflict, negotiation and cooperation, all of which are part of policy reform and design. It explores to various extents the global-local interactions that are related to selected global policies. Special emphasis is placed on global policies such as climate change, water, anti-terrorism, tobacco control, regulation of substances that deplete the ozone layer, desertification, and elimination of anti-personnel mines.
Lecture Notes In Water Policy
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Author : David L Feldman
language : en
Publisher: World Scientific
Release Date : 2022-01-28
Lecture Notes In Water Policy written by David L Feldman and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-28 with Business & Economics categories.
Freshwater is our planet's most precious resource — essential for life itself. Despite this fact, many people across our planet face difficulties finding safe, clean, potable water. A U.S. State Department report contends that the world's thirst for water may become a human security crisis by 2040. The World Bank reports many developing nations face catastrophe from intensive irrigation, urbanization, and deteriorating infrastructure. Also, numerous reports contend that in many places un-treated wastewater is still released directly into the environment. This is particularly true in low-income countries, which on average treat less than 10% of their wastewater discharges.In short, we face three imminent challenges regarding freshwater: (1) demands by agriculture, cities, industry, and energy production are increasing; (2) severe pollution from various contaminants and growing withdrawals are limiting the capacity of waterways to dilute contaminants — threatening human and aquatic life; and, (3) climate change will cause periods of frequent and severe droughts — punctuated by acute periods of flooding.The goal of this book is to illuminate how the governance of freshwater is a political, social, economic, cultural, and ecological challenge. The management and provision of water are not merely technical problems whose resolution hinges on hydrological principle, cost, or engineering feasibility. They are products of decisions made by governments, businesses, and interest groups that exercise control over who has access to water, how they use it, and in what condition they receive it. It discusses basic knowledge about water supply and quality; the evolution of water policy in different societies; the importance of water to human and environmental health; the role of law, politics, and markets in its allocation, use, and protection; and, the importance of ethics in its equitable provision.
An Introduction To The Theory Of Mechanism Design
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Author : Tilman Borgers
language : en
Publisher: Oxford University Press
Release Date : 2015-05-01
An Introduction To The Theory Of Mechanism Design written by Tilman Borgers and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-01 with Business & Economics categories.
What is the best way to auction an asset? How should a group of people organize themselves to ensure the best provision of public goods? How should exchanges be organized? In An Introduction to the Theory of Mechanism Design, Tilman Börgers addresses these questions and more through an exploration of the economic theory of mechanism design. Mechanism design is reverse game theory. Whereas game theory takes the rules of the game as a given and makes predictions about the behavior of strategic players, the theory of mechanism design goes a step further and selects the optimal rules of the game. A relatively new economic theory, mechanism design studies the instrument itself as well as the results of the instrument. An Introduction to the Theory of Mechanism Design provides rigorous but accessible explanations of classic results in the theory of mechanism design, such as Myerson's theorem on expected revenue maximizing auctions, Myerson and Satterthwaite's theorem on the impossibility of ex post efficient bilateral trade with asymmetric information, and Gibbard and Satterthwaite's theorem on the non-existence of dominant strategy voting mechanisms. Börgers also provides an examination of the frontiers of current research in the area with an original and unified perspective that will appeal to advanced students of economics.