Economics lab

an intensive course in experimental economics

Laboratory experiments with human subjects now provide crucial data in most fields of economics. There has been a tremendous upsurge in interest in this relatively new field of economics. This textbook introduces the world of experimental economics. Contributors including Reinhard Selten and Axel Leijonhufvud add ...

Prices,reproduction,scarcity

In this definitive and exhaustive study, Christian Bidard develops a theory of prices of production. This theory, of classical inspiration, breaks down the symmetry between producers and consumers and gives more importance to reproduction rather than scarcity. In his analysis of multiple-product systems, Bidard focuses ...

Theory of games and economic behavior

This is the classic work upon which modern- day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of ...

A game theory analysis of options

corporate finance and financial intermediation in continuous time

This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems in continuous time and under uncertainty. The basic intuition of the method is to separate the problem of the valuation of payoffs from the analysis of ...

Theory of conjectural variations

This book presents, for the first time, a comprehensive account of conjectural variations equilibria in their static inceptions, featuring new comparative results of equilibria with regard to efficiency. It then describes several advances in Dynamic Game Theory, allowing to understand Conjectural Variations Equilibria as dynamic ...

Putting auction theory to work

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives ...

Games and public administration

the law of economics of regulation and licensing

Despite the increasing trend towards deregulation, the public regulation of private activities remains a common phenomenon in industrialized countries. However, it is frequently claimed that slow and costly regulatory licensing procedures impede economic growth. This book investigates the strategic and adaptive interaction between citizen-applicants and ...

La toma de decisiones en la práctica

Ante la enorme dificultad que para el estudiante tienen las materias de carácter cuantitativo y, en especial, las relacionadas con la Matemática Financiera y la Teoría Decisional,ofrecemos al estudiante, y pensando exclusivamente en él,esta obra totalmente práctica de manera que,a través de ...

Game practice and the environment

Game theory is one of the most powerful tools that economists can use to deal with complex economic and policy problems. At the same time, environmental issues are at the heart of many domestic and international policy processes, where interactions among different stakeholders play a ...

Strategic learning and its limits

In this concise book based on his Arne Ryde Lectures in 2002, Young suggests a conceptual framework for studying strategic learning and highlights theoretical developments in the area. He discusses the interactive learning problem; reinforcement and regret; equilibrium; conditional no-regret learning; prediction, postdiction, and calibration ...

The psichology of economic decisions

.Vol.II: Reasons and choices

A collection of carefully selected contributions to behavioural economics from some of the leading international scholars in the field. Designed to fully complement Volume One, topics covered include preferences, behavioral game theory, motivated mental states, and emotions and decision-making. The book will provide a point ...

Advances in understanding strategic behaviour

Game Theory, experiments and bounded rationality: essays in honour of Werner Güth

This volume contains sixteen original articles documenting recent progress in understanding strategic behaviour. In their variety they reflect an entire spectrum of coexisting approaches: from orthodox game theory via behavioral game theory, bounded rationality and economic psychology to experimental economics. There are plenty of new ...

Economics and the theory of games

Teoría de juegos

Game theory and economics

Game theory has been an area of rapid growth and substantial interest in economics and it has impacted upon all areas within economics. This text covers the main theory and techniques and gives particular emphasis to aspects that have been neglected, including co-operative games, experiments ...

Negotiation games

applying Game Theory to bargaining and arbitration

The concept of negotiation is critical to coping with all manner of strategic problems that arise in the everyday dealings that people have with each other and organizations. Game theory illustrates this to the full and shows how these problems can be solved. This is ...

Games for business and economics

An easy-to-read, and enjoyable introduction to game theory! This clearly written book shows readers how to set up and solve games, particularly those in economics and business, using game theory. Gardener's innovative approach helps readers develop strong modeling skills by using proven applications and ...

Subastas, señales y otras respuestas a las asimetrías de información

En muchas situaciones los agentes económicos de un sector del mercado tienen más información que los del opuesto. Algo parecido ocurre en las subastas, donde el subastador desconoce el valor que tiene lo que se subasta para cada agente interesado en la oferta. Este libro ...

Decision making using game theory

an introduction for managers

Game theory is a key element in most decision making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of complex decision making processes, and how it can help you to improve your own negotiation and ...

Evolutionary dynamics and extensive form games

Evolutionary game theory attempts to predict individual behavior (whether of humans or other species) when interactions between individuals are modeled as a noncooperative game. Most dynamic analyses of evolutionary games are based on their normal forms, despite the fact that many interesting games are specified ...