Applications in Game Theory and Economics
This chapter selects several important topics from game theory and economic theory to which the methodology introduced in this book will be applied. To study and analyze the outcomes of an economic system or a society in a broader sense, we may put the underlying problems into the framework of game theory or deal with them by means of general equilibrium theory. Both theories can be regarded as complementary methodologies rather than substitutes. As we see in the literature, there is a close relationship between both methods of analysis.
KeywordsNash Equilibrium Exchange Economy Grand Coalition Price Vector Initial Endowment
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