Includes bibliographical references (pages 441-450) and index.
CONTENTS NOTE
Text of Note
Ch. 1. The Three Modes of Cooperation: Agreements, Decentralization, and Justice -- Ch. 2. Core and Competitive Equilibrium: One Good and Money -- Ch. 3. Core and Competitive Equilibrium: Multiple Goods -- Ch. 4. Fair Division: The No Envy Test -- Ch. 5. Fair Division: The Stand Alone Test -- Ch. 6. Production Externality Games -- Ch. 7. Cooperative Games.
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SUMMARY OR ABSTRACT
Text of Note
Over the past fifty years game theory has had a major impact on the field of economics. It was for work in game theory that the 1994 Nobel Prize in Economics was awarded. Although non-cooperative game theory is better known, the theory of cooperative games has contributed a number of fundamental ideas to microeconomic analysis. Cooperative Microeconomics is the definitive textbook on these contributions. Designed to be used by undergraduate and graduate students, the book provides a thorough introduction and overview of its subject. Herve Moulin distinguishes among three primary modes of cooperation: cooperation by direct agreements; cooperation by just, equitable compromise; and cooperation by decentralized behavior. This tri-modal methodology is applied successively to the exchange of private goods, the fair division of unproduced commodities, the cooperative production of private and public goods, and cost-sharing.