Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of
Game Theory and Business Applications
is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions - from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional "rules of the game" take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies.
Reviews / Votes
"This book surveys game theory models and methods in different disciplines of business, economics, law, marketing, finance and accounting. The volume presents a valuable collection of game theory models, which are developed by experts in the field and collected from many diverse cited sources in contemporary literature, with associated ideas, issues, mathematics and applications. From both an academic and practical point of view, this book contains up- to-date and comprehensive surveys of many useful models involving strategic interactions in business. It makes an important contribution to the literature, and is an extremely useful and interesting book for academics and professionals in the business and public policy world." (Dr. Sardar M. N. Islam, Ph. D., LL. B. Professor,Victoria Institute for Strategic Economic Studies, College of Business,Victoria University, Australia, March 2015)
Series
Edition
Language
Place of publication
Target group
Professional and scholarly
Research
Edition type
Illustrations
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 23 mm
Weight
ISBN-13
978-1-4899-9815-6 (9781489998156)
DOI
10.1007/978-1-4614-7095-3
Schweitzer Classification
Introduction.- Game Theory Models in Finance.- Game Theoretic Models in Accounting.- GT and Marketing.- Game Theoretic Models in Operations Management and Information Systems.- Incentive Contracting and Franchise Decisions.- Game Theory and the Practice of Bargaining.- GT Models of Settlement and Litigation.- GT and the Law.- Cooperation in R&D.- A GT Model of Tenure.- GT and Experimental Economics.- Auctions in Theory and Practice.- Auctions and Bidder Collusion.
