Economic Games and Strategic Behaviour : Theory and Application

By: Frank Stahler

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272 Pages

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24.77 x 17.15 x 2.54

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This work provides model solutions to economic games subject to repeated play. It develops a link between strategic bargaining and the theory of self-enforcing contracts to give insights into the long-term relationships between two parties (firms, governments meeting in negotiating situations).

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Non-Fiction Mathematics Optimisation Game Theory Economics Microeconomics Business & Management Business Negotiation Economic Theory & Philosophy Business Strategy Econometrics

List of Figures	p. vii
List of Tables	p. ix
Preface	p. xi
Preview	p. 1
The Problem	p. 1
Objective and Theoretical Foundations	p. 5
Organization of the Book	p. 7
Some Methodological Remarks	p. 8
Strategic Bargaining and Self-enforcing Contracts	p. 11
Introduction	p. 11
The State of the Art	p. 12
On Discount Factors and Time Horizons	p. 19
The Scope for Cooperation in a Non-cooperative Environment	p. 21
A Theory of Strategic Bargaining for Self-enforcing Contracts	p. 39
On Intertemporal Effects of Strategic Bargaining for a Self-enforcing Contract	p. 58
Summary: The Basic Results	p. 62
Bargaining for a Collective Good without Transfers	p. 68
Introduction: Self-enforcing Cooperation without Transfers	p. 68
Model Assumptions, Compliance Constraints and Optimal Policies	p. 71
Concession Line and Strategic Bargaining Solution	p. 88
The Impact of Discount Factor Changes	p. 105
Application I: Implicit Collusion in Duopolistic Markets	p. 111
Summary	p. 120
Bargaining for a Collective Good with Transfers	p. 123
Introduction: Self-enforcing Cooperation with Transfers	p. 123
The Role of Transfers for the Compliance Constraints: the Receiver's and the Donor's Case	p. 128
Optimal Policies	p. 135
Concession Policies and Concession Lines	p. 146
Feasibility Constraints, Strategic Bargaining Solutions and the Impact of Discount Factor Changes	p. 167
Application II: International Environmental Policy	p. 185
Application III: Trade Policy	p. 191
Summary	p. 203
Bargaining between Buyer and Seller	p. 206
Introduction: Self-enforcing Cooperation between Buyer and Seller	p. 206
Compliance Constraints, Optimal Policies and the Concession Line	p. 209
Strategic Bargaining Solutions and the Impact of Discount Factor Changes	p. 221
Summary	p. 229
Concluding Remarks	p. 231
Policy Implications	p. 233
An Agenda for Future Research	p. 236
Rebargaining-proofness	p. 239
References	p. 249
Index	p. 257
Table of Contents provided by Syndetics. All Rights Reserved.

Economic Games and Strategic Behaviour : Theory and Application

At a Glance

Hardcover

Shipping

How to return your order

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