Repeated Games and Reputations: Long-Run Relationships

Name: Repeated Games and Reputations: Long-Run Relationships
Brand: Oxford University Press, USA
SKU: 9780195300796
Price: 12423.0 INR
Availability: InStock

by George J. Mailath , Larry Samuelson

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ISBN13: 9780195300796
Binding: Hardcover
Subject: N/A
Publisher: Oxford University Press, USA
Publisher Imprint: Oxford University Press, USA
Publication Date: September 28, 2006
Pages: 645
Original Price: GBP 86.0
Language: English
Edition: N/A
Item Weight: 1289 grams
BISAC Subject(s): Economics / Theory

About The Book

Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of a repeated game, strategy, and equilibrium. Mailath and Samuelson then present the classic folk theorem and reputation results for games of perfect and imperfect public monitoring, with the benefit of the modern analytical tools of decomposability and self-generation. They also present more recent developments, including results beyond folk theorems and recent work in games of private monitoring and alternative approaches to reputations. Repeated Games and Reputations synthesizes and unifies the vast body of work in this area, bringing the reader to the research frontier. Detailed arguments and proofs are given throughout,
interwoven with examples, discussions of how the theory is to be used in the study of relationships, and economic applications. The book will be useful to those doing basic research in the theory of repeated games and reputations as well as those using these tools in more applied research.

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