Download or read book Essays on the Econometrics of Games written by Shuo Jiang and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies identification, estimation and inference for various types of staticgames of incomplete information, a class of games in which players do not have full information about their opponents. Such games have been widely used in the empirical studies of strategic interactions such as market entry, technology adoption and so on. Chapter 1 studies sequential estimation and uniform inference in a static game of incomplete information with nonseparable unobserved heterogeneity. We propose a novel methodfor sequentially estimating payoff function and conducting uniform inference in static games of incomplete information with non-separable unobserved heterogeneity (and multiple equilibria). We tackle the matching-types problem by constructing a new characterization of the payoff function via a minimum distance model with incorrect "moments." For several specifications of the payoff function, we propose to select the correct matching and estimate the payoff function jointly using a minimum distance type criterion function with a rewarding term when needed; we show consistency of the selected matching and the estimator of the payoff function; we construct an asymptotically uniformly valid and easy-to-implement test for the linear hypothesis on the payoff function; and for large state spaces, we introduce a sequential Monte Carlo method to ease computational burden. We report results from a small simulation study and an application to the dataset of Sweeting (2009). Chapter 2 proposes a simple estimator for static game of incomplete information with action complementarity. Oligopolists often engage in strategic interactions in multiple relatedbusinesses or industries. Such phenomenon could be analyzed using game theoretic models with action complementarity (substitutability). In this paper we study the semiparametric identification and estimation of static games of incomplete information with complementary (substitutable) actions. Building on and extending the identifiability result for bundled demand in Fox and Lazzati (2017), we show that structural parameters in this game are identified. A simple closed-form estimator for the structural parameters is proposed based on our identification strategy. The estimator could be implemented easily by running a three-stage least squares, and no numerical optimization is needed. We establish the root-n consistency and asymptotic normality of this estimator. A small Monte Carlo simulation shows the efficacy of our methods in finite samples. Chapter 3 studies identification and estimation of a binary game of incomplete information under symmetry of the unobservables. We study the semiparametric identificationand estimation of a class of binary game of incomplete information under the restriction of conditional symmetry for unobserved private information. We use a two-step identification strategy that is based on the equilibrium condition and the symmetry restriction. We propose a two-step minimum distance estimator, and prove its root-N consistency and asymptotic normality. Compared to existing semiparametric method in the literature, our estimator could adapt arbitrary forms of heteroskedasticity in common knowledge state variables and does not require stringent support and tail conditions. Our method could be extended to allow for multiple equilibria and symmetrically distributed random coefficients. A small Monte Carlo study demonstrates the efficacy and robustness of our estimator compared to the popular two-step pseudo maximum likelihood method.

Download or read book Essays on the Econometrics of Discrete Games of Complete Information written by Li Zhao and published by . This book was released on 2016 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Game Theory written by The late John F. Nash and published by Edward Elgar Publishing. This book was released on 1996-01-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This short volume is very welcome . . . Most importantly, on pages 32-33, the volume reprints as an appendix to the journal article based on Nash's Princeton doctoral dissertation on non-cooperative games a section of the thesis on "motivation and interpretation" that was omitted from the article. An editorial note remarks mildly that "The missing section is of considerable interest". This section, not available in any other published source, makes the present volume indispensable for research libraries . . . Nash's Essays on Game Theory, dating from his years as a Princeton graduate student . . . has a lasting impact on economics and related fields unmatched by any series of articles written in such a brief time . . . To economists, his name will always bring to mind his game theory papers of the early 1950s. It is good to have these conveniently reprinted in this volume.' - Robert W. Dimand, The Economic Journal 'The news that John Nash was to share the 1994 Nobel Prize for Economics with John Harsanyi and Reinhard Selten was doubly welcome. It signalled not only that the brilliant achievements of his youth were to be recognized in a manner consistent with their significance, but that the long illness that clouded his later years had fallen into remission. I hope that this collection of his economic papers will serve as another reminder that John Nash has rejoined the intellectual community to which he has contributed so much.' - From the introduction by Ken Binmore Essays on Game Theory is a unique collection of seven of John Nash's essays which highlight his pioneering contribution to game theory in economics. Featuring a comprehensive introduction by Ken Binmore which explains and summarizes John Nash's achievements in the field of non-cooperative and cooperative game theory, this book will be an indispensable reference for scholars and will be welcomed by those with an interest in game theory and its applications to the social sciences.

Download or read book Essays in Game Theory and Mathematical Economics in Honor of Oskar Morgenstern written by Robert J. Aumann and published by Bibliographisches Institut & F.A. Brockhaus AG. This book was released on 1981 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Games Rationality and Behaviour written by Alessandro Innocenti and published by Palgrave MacMillan. This book was released on 2008-01-15 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioural game theory is the most important recent development of standard game theory, and its applications regard several fields of research, ranging from economic theory to sociology and political science. Behavioural game theory aims to provide a behavioural and psychological approach to game theory modelling, in order to identify more robust equilibrium outcomes and more realistic behavioural assumptions. This book explores the key topics in detail, covering issues such as players' heterogeneity, social preferences, reciprocity, learning and information, and punishment in public good games. It provides a state-of-the-art analysis of the progress and methodology of behavioural game theory, as well as exploring the interdisciplinary aspects of the subject, and is an extremely valuable resource for academics and scholars with an interest in the area. Book jacket.

Download or read book Essays on the Theories and Applications of Games in Economics written by Zhentang Zhang and published by . This book was released on 1995 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Economic Theory written by Vincent P. Crawford and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, ""Learning Behavior and the Noncooperative Equilibrium"", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, ""A Game of Fair Division"", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternati.

Download or read book Game Theory and Economic Behaviour written by Reinhard Selten (Economist, Germany) and published by Edward Elgar Publishing. This book was released on 1999-03-24 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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 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.

Download or read book Essays in Mathematical Economics in Honor of Oskar Morgenstern written by Martin Shubik and published by Princeton University Press. This book was released on 2015-12-08 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Morgenstern's deep interests in economic time series and problems of measurement are represented by path-breaking articles devoted to the application of modern statistical analysis to temporal economic data. Originally published in 1967. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Download or read book Rational Interaction written by Reinhard Selten and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unifying theme of the 23 contributions to this book is the social interaction of rational individuals. The work of John C. Harsanyi on game theory, social choice, and the philosophy of science finds an echo in these essays. Contributions by well known game theorists and economists present a great variety of stimulating theoretical investigations. Part I contains six papers on non-cooperative game theory written by Maschler, Owen, Myerson, Peleg, Rosenmüller, Hart and Mas-Collel. Part II with three contributions by Kalei, Samet, van Damme, d'Aspremont, and Gérard-Varet is devoted to the use of non-cooperative game theory in the analysis of problems of mechanism design. Basic questions of non-cooperative game theory are discussed in three essays by Güth, Hardin, and Sugden in Part III. Applied game models are discussed in three papers by Friedman, Selten, and Shubik in Part IV. Problems of social choice are investigated in Part V which deals with utilitarianism and related topics in five contributions by Hammond, Binmore, Arrow, Roemer, and Broome. Finally, Part VI contains three papers: an interdisciplinary comparison of physics and economics by Samuelson, a methodological essay by Brock, and an appraisal of the work of John C. Harsanyi.

Download or read book Essays in Economic Theory Routledge Revivals written by Vincent Crawford and published by Routledge. This book was released on 2015-08-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.

Download or read book Essay in Cooperative Games written by Gianfranco Gambarelli and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays on Cooperative Games collates selected contributions on Cooperative Games. The papers cover both theoretical aspects (Coalition Formation, Values, Simple Games and Dynamic Games) and applied aspects (in Finance, Production, Transportation and Market Games). A contribution on Minimax Theorem (by Ken Binmore) and a brief history of early Game Theory (by Gianfranco Gambarelli and Guillermo Owen) are also enclosed.

Download or read book Essays on the Econometric Application of Dynamic Game Models written by William Todd Roberds and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mathematical Economics and Game Theory written by R. Henn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Topics in Mathematical Economics and Game Theory written by Robert J. Aumann and published by . This book was released on 1999 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamic Games in Economics written by Josef Haunschmied and published by Springer. This book was released on 2014-07-08 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic game theory serves the purpose of including strategic interaction in decision making and is therefore often applied to economic problems. This book presents the state-of-the-art and directions for future research in dynamic game theory related to economics. It was initiated by contributors to the 12th Viennese Workshop on Optimal Control, Dynamic Games and Nonlinear Dynamics and combines a selection of papers from the workshop with invited papers of high quality.

Download or read book Essays on Information Economics and Game Theory written by Wanyi Chen and published by . This book was released on 2018 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation has two chapters, one on information economics and one on game theory. The first chapter studies the scenarios where an analyst learns about a random variable by observing an ongoing rational experimentation. We assume an optimal stopping exercise with binary signals about a binary state of the world. The analyst observes a public history of experiments, but not an earlier experimentation pre-history of uncertain length. In this setting, a dynamic survivor bias emerges: the naive Bayes-updates ignoring the pre-history is more pessimistic than the sophisticated updates that accounts for all possible pre-histories consistent with an ongoing rational experimentation. We show that this bias is dynamic in the sense that the observation impacts the inference of the un-observed pre-history. In general, we find that the analyst's Bayes-optimal inference critically depends on the ordering of the signal history and the combined knowledge of the signal realizations and the experimenter's actions. My theory has implications for technology adoption in R& D settings, and formally subsumes a class of one armed bandits and the Wald experimentation problem, for instance. The second chapter studies a static population game with strategic substitutes. I assume one dimensional continuous action with heterogeneous action cost among players. I explore the diminishing cross effect condition on the payoff function, which delivers equilibrium uniqueness and several comparative statics results -- 1. The equilibrium distribution of actions level rises in the first order stochastic dominance order when the type distribution falls in the first order stochastic dominance order and the dispersion order. 2. The equilibrium distribution of actions rises when the own action effect is larger. My model has applications in games with a p2p network structure and other massive social interactions with a pairwise matching nature.