Encyclopedia of Law and Economics

Living Edition
| Editors: Alain Marciano, Giovanni Battista Ramello


  • Ulrich Blum
Living reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7883-6_185-1


This entry begins by setting games within the general framework to demonstrate their conceptual importance for describing this activity of humankind. Then the concept of merging economics and mathematics into what is called game theory is developed. Descriptions of important properties, definitions, and typical examples of games are provided.


Nash Equilibrium Game Theory Signalling Game Dilemma Situation Chicken Game 
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Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  1. 1.Faculty of Law and EconomicsMartin-Luther-University of Halle WittenbergHalleGermany
  2. 2.University of International Business and EconomicsBeijingChina