In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.
This outstanding two-volume selection of Selten’s work provides a comprehensive overview of his contribution to game theory and economic behaviour. Topics covered include:
• axiomatic characterizations
• political and social interaction
• theories of oligopolistic competition
• oligopoly experiments
• bilateral and coalition bargaining
The volumes also contain a foreword by Alvin Roth, a detailed introduction to Selten’s work by Andreas Ortmann and a full bibliography of Selten’s publications.