Game Theory With Economic Applications

Game Theory with Economic Applications. Second Edition, emphasizes the application of game theoretical tools to understand important economic phenomena. The book provides an introduction to the language and methods of game theory and to its use in understanding economics and social behavior. Each of the five parts in the book begins with a core theory chapter followed by several chapters devoted to economic applications. These applications were selected from a wide variety of fields: labor economics, international trade, environmental economics, industrial organization, corporate finance, macroeconomics, money and banking, public choice, and law and economics,NEW - A feature called "Game Theory in Action" presents real-world examples from media sources to support chapter concepts. The side bars report empirical and experimental evidence about the models discussed in the text,NEW - Extensively reorganized, the second edition allows professors to introduce game theory the first day of class with the Prisoner's Dilemma and Battle of the Sexes,NEW - Extensively rewritten applications place greater emphasis on the game theoretical analysis,NEW - Dynamic Games with Incomplete Information appears in Part V, and was extensively revised and made accessible for undergraduate students,Chapter summaries and new terminology are highlighted to reiterate new concepts and terminology previously introduced