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Informationen zum Autor By Thomas J. Webster Klappentext This innovative textbook is a concise and axiomatic introduction to the principles of game theory-the formal study of move and countermove. Undergraduate business and economics students with a background in the principles of microeconomics and college mathematics will find the material presented in this textbook focused, comprehensive, and accessible. Zusammenfassung This innovative textbook is a concise and axiomatic introduction to the principles of game theory--the formal study of move and countermove. Undergraduate business and economics students with a background in the principles of microeconomics and college mathematics will find the material presented in this textbook focused! comprehensive! and accessible. Inhaltsverzeichnis PREFACE1 INTRODUCTION TO GAME THEORYIntroductionStrategic behaviorShort history of game theoryLexicon of game theoryRational versus actual behaviorPractice ExercisesPART I: STATIC GAMES WITH COMPLETE INFORMATION2 COALITION GAMESIntroductionPrisoner's dilemma The extensive form The normal formNash equilibrium Shortcut for finding-pure strategy Nash equilibria Determinants of business collusion Number of firms with similar interests Firm size relative to the industry VisibilityPractice Exercises3 STRATEGIC MOVES AND DETERRING DEFECTION Introduction Strategic movesDeterring defection Contracts Reputation Cutting off communications Preventing retreat Brinksmanship Incrementalism Teamwork AgentsPractice exercises4 COMPETITION GAMESIntroductionStrictly-dominant strategiesWeakly-dominant strategiesIterated elimination of dominated strategiesThree-player gamesNon-dominant strategiesMaximin (secure) strategyPractice exercises5 COORDINATION GAMESIntroductionBattle-of-the-sexes gameFocal-point equilibriumDeveloping a theory of focal-point equilibria FramingPractice Exercises6 INFINITELY-REPEATED GAMESIntroductionCoalitionsRepeated static gamesTrigger strategies Evaluating payoffs in infinitely-repeated gamesPractice Exercises7 FINITELY-REPEATED GAMESIntroductionFinitely-repeated games with a certain end End-of-game problemFinitely-repeated games with an uncertain end A word of cautionConcluding remarksPractice Exercises8 EVOLUTION GAMESIntroductionEvolutionary game theoryReproductive successEvolutionary equilibriumNetworks Positive feedback effects Network game Implications Practice Exercises9 TIT-FOR-TATIntroductionTit-for-tatEnd-of-game problemPractice Exercises10 MIXING PURE STRATEGIESIntroductionZero-sum games Matching penniesMinimax theoremMixed strategiesOptimal mixing rulesCalculating optimal mixing rulesWhen to use optimal mixing rulesHow to use optimal mixing rulesBluffingPractice Exercises11. CONTINUOUS STRATEGIESIntroduction Continuous strategies Best-response (reaction) functions Tragedy of the commons Shifting best-response functions Practice Exercises12. STATIC OLIGOPOLY GAMESIntroductionCournot model Advertising in a Cournot settingBertrand model Bertrand paradoxPractice Exercises13. STRATEGIC TRADE POLICYIntroduction Discrete pure strategies Continuous pure strategies National welfare Intraindustry trade Imperfect competition Intraindustry coalitions Export subsidies Reciprocity Practice Exercises14. PRODUCT DIFFERENTIATIONIntroductionHorizontal differentiationVertical differentiation Location Product differencesPractice exercises15. STRATEGIC COMPLEMENTSIntroductionDouble marginalizationPractice exercisesPART II: DYNAMIC GAMES WITH COMPLETE AND PERFECT INFORMATION16. GAME TREESIntroductionGame treesSubgame perfectionBackward inductionCredible threatsFirst-mover advantage Entry deterrencePractice Exercises17. A DYNAMIC OLIGOPOLY GAMEIntroductionStackelberg modelPractice Exercises18. BARGAININGIntroductionThe bargaining problemUltimatum bargainin...
