Game-Theoretic Methods in General Equilibrium Analysis formatIsbn:Softcover - 9789048144426 Geoffrey / Mathews

Geoffrey / Mathews

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the kind and level of sophistication of mathematics applied in various sciences has changed drastically in recent years: measure theory is used (non-trivially) in regional and theoretical economics

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Game-Theoretic Methods in General Equilibrium Analysis formatIsbn:Softcover - 9789048144426 Geoffrey / MathewsJEAN FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech nical, borrowing some tools for proving a theorem.