Decision Processes in Economics

The main topic of this book is game theory. The applications presented span from social sciences to political economics, from finance to macroeconomics.

Texte du rabat

The subject of this book is game theory and its possible applications in several fields. The papers presented at the conference are sorted into three main groups: games, dynamic games and social games. Some new ideas and methods on stochastic dynamic games and bargaining games are presented and a tentative unified approach to games is sketched. The book includes a discussion of game theory and of the possible applications of games. A new approach to portfolio selection is presented which should give the reader some new ideas. The contributors, from several countries, have presented their papers with the aim in mind of reaching readers who are not necessarily experts on games.

Contenu
A continuous-time model of monetary policy and inflation: a stochastic differential game.- Correlated rationalizability dominated strategies, refinements and uniqueness.- Bargaining on the Goodwin model.- Cobwebs and something else.- Learning and persistence of leadership in product innovation: theory and some facts from the semiconductor industry.- On incomplete information and the emergence of Trade Unions.- Robust Lyapunov Games: the continuous-time case.- Political and financial applications of the power indices.- Piecewise deterministic and piecewise diffusion differential games with modal uncertainties.- Noncooperative capacities of simple games.- Algorithmic solutions for extensive games.- Communication games.- Decomposition of structured linear programs based on analytical centers.- Bargaining and optimal investments.