Economics Theory Basics
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In this chapter, we will briefly review several basic theories in economics used for our later analysis, including the non-cooperative game theory, super-modular game theory, evolutionary game theory, contract theory, and Nash bargaining theory. The non-cooperative game theory and super-modular game theory are used in the spectrum trading market for analyzing the end-users’ behaviors and the secondary operators’ price competition (Sect. 3.2). The contract theory is used in the spectrum trading market for optimizing the white space database’s spectrum reservation decision under information asymmetry (Sect. 3.3). The evolutionary game theory is used in the information trading market for analyzing the evolution of white space devices’ purchasing behaviors (Chap. 4). The Nash bargaining theory is used in the hybrid spectrum and information market for analyzing the negotiation between the white space database and the spectrum licensee (Chap. 5).