Game-Theoretic Methods in General Equilibrium Analysis

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This book presents the first systematic exposition of the use of game-theoretic methods in general equilibrium analysis. Rather than focusing on single concepts it covers all basic equivalence theorems – core, bargaining set, Shapley and Harsanyi value, Nash equilibria – including an axiomatic approach to them. It treats thoroughly the value of large games, and the new tools used in the strategic approach to general equilibrium. The different chapters are written by leaders of their respective fields. The book is primarily addressed to researchers and advanced graduate students, but being largely self-contained, it can also be used as a text for a course.