Cooperative microeconomics : a game-theoretic introduction /
Over the past fifty years game theory has had a major impact on the field of economics. It was for work in game theory that the 1994 Nobel Prize in Economics was awarded. Although non-cooperative game theory is better known, the theory of cooperative games has contributed a number of fundamental ide...
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| Format: | Book |
| Language: | English |
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Princeton, N.J. :
Princeton University Press,
[1995]
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| Online Access: | Table of contents Publisher description |
| Summary: | Over the past fifty years game theory has had a major impact on the field of economics. It was for work in game theory that the 1994 Nobel Prize in Economics was awarded. Although non-cooperative game theory is better known, the theory of cooperative games has contributed a number of fundamental ideas to microeconomic analysis. Cooperative Microeconomics is the definitive textbook on these contributions. Designed to be used by undergraduate and graduate students, the book provides a thorough introduction and overview of its subject. Herve Moulin distinguishes among three primary modes of cooperation: cooperation by direct agreements; cooperation by just, equitable compromise; and cooperation by decentralized behavior. This tri-modal methodology is applied successively to the exchange of private goods, the fair division of unproduced commodities, the cooperative production of private and public goods, and cost-sharing. |
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| Physical Description: | ix, 454 pages : illustrations ; 25 cm |
| Bibliography: | Includes bibliographical references (pages 441-450) and index. |
| ISBN: | 0691034818 9780691034812 0521424585 9780521424585 0132276798 9780132276795 |