Economics and the Theory of Games: A Survey
A survey is presented of the application of game theory to economics. A discussion is presented of literature surrounding the question of public utility pricing, cross-subsidization, and the allocation of joint costs because it is an area that has traditionally been studied by neoclassical analysis...
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| Veröffentlicht in: | Journal of economic literature 1980-06, Vol.18 (2), p.479-527 |
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| container_end_page | 527 |
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| container_issue | 2 |
| container_start_page | 479 |
| container_title | Journal of economic literature |
| container_volume | 18 |
| creator | Schotter, Andrew Schwödiauer, Gerhard |
| description | A survey is presented of the application of game theory to economics. A discussion is presented of literature surrounding the question of public utility pricing, cross-subsidization, and the allocation of joint costs because it is an area that has traditionally been studied by neoclassical analysis and, hence, provides a familiar starting point.The design of incentive-compatible allocating and voting mechanisms or equivalently the design of optimal games is considered. A discussion is provided of the Gibbard-Statterthwaite theorem and the questions surrounding the implementation of social choice rules. The game theoretical analysis of the public goods and externality problem are discussed. Literature on the problem of multilateral exchange and general equilibrium is investigated. |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0022-0515 |
| ispartof | Journal of economic literature, 1980-06, Vol.18 (2), p.479-527 |
| issn | 0022-0515 2328-8175 |
| language | eng |
| recordid | cdi_proquest_journals_213201920 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Commodities Duopolies Economic externalities Economic games Economic models Economic theory Externality Game theory Nash equilibrium Oligopolies Oligopoly Optimization Public goods Strategy |
| title | Economics and the Theory of Games: A Survey |
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