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Game Theory and Economic Behaviour

Selected Essays
Reinhard Selten, Professor Emeritus of Economics, Rheinische Friedrich-Wilhelms University, Germany Winner of the Nobel Prize for Economics in 1994
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.
Extent: 912 pp
Hardback Price: £186.00 Online: £167.40
Publication Date: 1999
ISBN: 978 1 85898 872 6
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  • Economics and Finance
  • Behavioural and Experimental Economics
  • Econometrics
  • Game Theory
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

• learning

• 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.
‘These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.’
– K. Ravikumar, Journal of Scientific and Industrial Research
Contents: Volume I: Foreword Introduction Part I: Introduction Part II: Axiomatic Characterizations Part III: Learning Part IV: Political and Social Interaction Index • Volume II: Part I: Theories of Oligopolistic Competition Part II: Oligopoly Experiments Part III: Bilateral Bargaining Part IV: Coalition Bargaining Index