{"product_id":"general-equilibrium-and-game-theory-ten-papers-9780674728738","title":"General Equilibrium and Game Theory: Ten Papers","description":"\u003cp\u003e • Author(s): Andreu Mas-Colell | Hugo F. Sonnenschein | Antoni Bosch-Domenech\u003cbr\u003e • Publisher: Harvard\u003cbr\u003e • Publisher Imprint: Harvard\u003cbr\u003e • BISAC: Economics - Theory\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAndreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. \u003ci\u003eGeneral Equilibrium and Game Theory \u003c\/i\u003eoffers readers a compendium of his most important scholarly contributions, gathering in a single volume the groundbreaking papers that have solidified his standing as one of the preeminent economic theorists of our time.\u003c\/p\u003e\u003cp\u003eBuilt upon the foundations of neoclassical economics, Mas-Colell's work is distinguished by a mathematical and analytical elegance that brings theory closer to real-world situations. He overturns the standard assumption of general equilibrium theory--that markets are perfectly competitive and their participants are perfectly rational--and concludes that neither the law of supply and demand nor the existence of equilibrium prices depends on the rationality of agents. Similarly, Mas-Colell (working with Sergiu Hart) challenges classical game theory's reliance on rational behavior, demonstrating that adaptation and learning shape the dynamics of repeated games.\u003c\/p\u003e\u003cp\u003eAddressing central questions of finance, trade, industrial organization, and welfare economics, Mas-Colell shows the surprising power and versatility of differentiability and linear-space mathematical techniques, and he emphasizes the fruitfulness of cooperative game-theory approaches, such as Shapley value theory and the Bargaining Set, for understanding competition and distribution. \u003ci\u003eGeneral Equilibrium and Game Theory \u003c\/i\u003eis a signal contribution to economic theory and an invaluable resource for anyone wishing to study the craft of a master of economic modeling.\u003c\/p\u003e","brand":"Atlantic Books","offers":[{"title":"Hardcover","offer_id":46503863287959,"sku":"9780674728738","price":6947.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780674728738.webp?v=1769189965","url":"https:\/\/atlanticbooks.com\/products\/general-equilibrium-and-game-theory-ten-papers-9780674728738","provider":"Atlantic Books","version":"1.0","type":"link"}