Scott H. Bierman, Carleton
College Luis Fernandez, Oberlin College
Copyright 1998, 452 pp. Paper format ISBN
0-201-84758-2
Intended for upper-level undergraduates and MBA students, Game Theory with Economic
Applications provides an introduction to the language and methods of game theory and to
its use in understanding economics and social behavior.
Features
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.
Each of the five parts in the
book begins with a core theory chapter followed by several chapters devoted to economic
applications.
Chapter summaries and new
terminology are highlighted to reiterate new concepts and terminology previously
introduced.
Table of Contents
I. STATIC GAMES WITH
COMPLETE INFORMATION.
1. Nash Equilibrium.
2. Oligopoly.
3. Strategic Trade Policy.
4. Property Rights and Efficiency.
5. Voting Games.
II. DYNAMIC GAMES WITH
COMPLETE INFORMATION.
6. Subgame Perfect
Equilibrium.
7. Bargaining.
8. Time-Consistent Macroeconomy Policy.
9. Repeated Games and Dynamic Competition.
III. GAMES WITH UNCERTAIN
OUTCOMES.
10. Uncertainty and Expected
Utility.
11. Moral Hazard and Incomplete Insurance.
12. Moral Hazard and Involuntary Unemployment.
IV. STATIC GAMES WITH
INCOMPLETE INFORMATION.
13. Bayesian Nash
Equilibrium.
14. Auctions.
V. DYNAMIC GAMES WITH
INCOMPLETE INFORMATION.
15. Perfect Bayesian
Equilibrium.
16. Bargaining with Private Information.
17. Corporate Takeovers and Greenmail.
18. Adverse Selection and Credit Rationing.
19. Limit Pricing and Entry Deterrence.
20. Cartel Enforcement.
