Economic Games and Strategic Behaviour

Theory and Application

'Researchers should find plenty of material of interest and certainly a perusal of at least the first three chapters and the concluding one should be rewarding and may well tempt one to go through the entire work.' - S. Das Gupta, Zentralblatt fur Mathematik und ihre Grenzgebiete 'In closing, allow me to shamelessly steal a Woody Allen joke which should not be a stranger to many readers of Kyklos. This is a forceful book, which is seriously written, well formatted, rich in economic applications and policy implications (to lesser extent, however), and just can not be read as fast (although great readability or light reading might be what the author takes pride to offer). One should not flip through it from cover to cover in one day and conclude: "It is about two-person repeated games with self-enforcing agreements'. Incidentally, I just reveal, in my humblest opinion, the most appropriate title of this interesting and most welcome monograph (Calling this Economic Games and Strategic Behaviour resembles renaming "Mighty Aphrodite" as "A Film by Woody Allen".' - Jong-Shin Wei, Kyklos Economic Games and Strategic Behaviour is a seminal volume which introduces a model providing solutions to economic games subject to repeated play. It develops a link between strategic bargaining and the theory of self-enforcing contracts to give insights into the long-term relationships between two parties, such as firms or governments, who meet in a negotiating situation.

This is a forceful book, which is seriously written, well formatted, rich in economic applications and policy implications (to lesser extent, however), and just can not be read as fast (although great readability or light reading might be ...