Money and Financial Institutions A Game Theoretic Approach: The Selected Essays

Description: FREE SHIPPING UK WIDE Money and Financial Institutions A Game Theoretic Approach by Martin Shubik This book presents Martin Shubiks important contribution to the development of game theory, and shows how game theory methods can be used in the study of prices, money and financial institutions. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This book presents Martin Shubiks important contribution to the development of game theory, and shows how game theory methods can be used in the study of prices, money and financial institutions.After introducing the reader to his career and the influences which developed his research, Professor Martin Shubik addresses the price system considering issues such as competitive equilibrium, economic exchange and production. He explores the competitive price system and the emergence of money and financial systems to develop a theory of monetary and financial institutions. Specifically, he examines the role of money in the economy using both cooperative and non-cooperative solutions in game theory. Throughout the book Martin Shubik stresses that the value of games, which can be both played and analysed, provides an important link between theory and process and institutional studies.This book will be welcomed by economists, especially those interested in game theory, as well as by money and banking professionals. Author Biography The late Martin Shubik, formerly Seymour H. Knox Professor of Mathematical Institutional Economics, Cowles Foundation for Research in Economics, Yale University, US Table of Contents Contents: Introduction Part I: The Price System Part II: The Theory of Money and Financial Institutions Index Review Martin Shubik has been one of the great pioneers in the application of game theory to economic problems. His work sheds considerable light on fundamental institutions such as the price system and money. -- Eric Maskin, Harvard University, USThe two volumes of the Selected Essays of Professor Shubik present a recognizably most valuable collection. The earlier publication of Shubiks book Game Theory in the Social Sciences was very much appreciated and won the Lanchester Prize of the Operations Research Society of America. This illustrates how the work of Martin Shubik connects ideas, precision, and methods of mathematics with a real understanding of what are the relevant issues which make an otherwise generic scientific question indeed a question of economic interest and significance (and the same can be said a little more broadly with the social sciences replacing economics). The volumes are of interest because the papers that are included are well-chosen and in particular include interesting collaborations of Shubik with co-authors such as Dubey and Shapley. -- John Nash, Princeton University, USGame theory is now a mainstay of a wide range of disciplines within economics and elsewhere. The credit for recognizing its potentiality belongs to a small group of dedicated researchers, of whom one of the liveliest and most influential is Martin Shubik. These essays are a testament to his remarkable insight. -- Ken Binmore, University College London, UK Review Quote Martin Shubik has been one of the great pioneers in the application of game theory to economic problems. His work sheds considerable light on fundamental institutions such as the price system and money. Details ISBN1840641908 Author Martin Shubik Pages 448 Publisher Edward Elgar Publishing Ltd Year 1999 ISBN-10 1840641908 ISBN-13 9781840641905 Format Hardcover Imprint Edward Elgar Publishing Ltd Place of Publication Cheltenham Country of Publication United Kingdom Illustrations index Edition 1st Subtitle The Selected Essays of Martin Shubik Volume Two DEWEY 332 Publication Date 1999-09-28 Series Economists of the Twentieth Century series Language English Media Book DOI 10.1604/9781840641905 Series Number 2 AU Release Date 1999-09-28 NZ Release Date 1999-09-28 UK Release Date 1999-09-28 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. SECURE PAYMENT Peace of mind by paying through PayPal and eBay Buyer Protection TheNile_Item_ID:161843496;

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