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Strategic Foundations of General Equilibrium: Book by Douglas Gale

Strategic Foundations of General Equilibrium

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ISBN: 9780521644105    Publisher: Cambridge Year of publishing: 2000     Format:  Paperback No of Pages: 232        Language: English
The theory of competition has held a central place in economic analysis since the time of Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major...Read more
The theory of competition has held a central place in economic analysis since the time of Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of competition. Making use of insights from game theory, search theory and bargaining theory, the author develops a model to explain what actually goes on in markets and how a competitive general equlibrium is achieved. Essential reading for graduate courses in game theory and general equilibrium.
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Review:
Strategic Foundations of General Equilibrium takes an important step towards rectifying this shortcoming of the general equilibrium model...I found this book to be very instructive. While the...Read more
Strategic Foundations of General Equilibrium takes an important step towards rectifying this shortcoming of the general equilibrium model...I found this book to be very instructive. While the subject matter is highly technical, the author made the material as accessible as possible. Gale has a fluent writing style." Eastern Economic Journal
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