Game Theory With Economic Applications

Over the last 20 years, game theory has become an increasingly valuable tool for economic analysis. Today, the best graduate schools in economics require their students to learn substantial amounts of game theory as more and more published economic research assumes a familiarity with game theoretic ideas. 'Game Theory with Economic Applications' is designed to introduce undergraduate students and interested individuals to modern noncooperative game theory. The book uses simple economic models to show how game theory is changing economic thinking in labor economics, international trade, macroeconomics, industrial organization, public choice, finance, and environmental economics.