APPLICATIONS OF GAME THEORY TO ECONOMICS

Guillermo Owen ()
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Guillermo Owen: Department of Applied Mathematics, Naval Postgraduate School, 1 University Way, Monterey, CA 93943, USA

International Game Theory Review (IGTR), 2013, vol. 15, issue 03, 1-8

Abstract: We look at the basic applications of cooperative game theory to economic situations. These include bargaining and cooperative equilibria, especially as the number of players increases without bound. The core and the Shapley value are the fundamental tools for these applications. We consider the relation between these two concepts. A comprehensive bibliography of work published over the last decade is included.

Keywords: Game Theory; economics; core; value; bargaining; A10; C70; C71 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219198913400112

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