A Survey of Noncooperative Game Theory with Reference to Agricultural Markets: Part 1. Theoretical Concepts

Richard J. Sexton

Review of Marketing and Agricultural Economics, 1995, vol. 62, issue 01, 18

Abstract: This paper is the first of a two-part survey on noncooperative game theory relevant to agricultural markets. Part 1 discusses types of noncooperative games and reviews important developments in noncooperative game theory solution concepts, including Nash equilibrium, subgame perfect equilibrium, and perfect Bayesian equilibrium. Strengths and weaknesses of game theory as a modelling tool are also assessed. Part 2 of the survey will discuss specific applications to agricultural markets.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12401

DOI: 10.22004/ag.econ.12401

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