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Game Theory and Economic Modelling$
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David M. Kreps

Print publication date: 1990

Print ISBN-13: 9780198283812

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198283814.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2021

The Successes of Game Theory

The Successes of Game Theory

(p.37) 4 The Successes of Game Theory
Game Theory and Economic Modelling

David M. Kreps (Contributor Webpage)

Oxford University Press

Illustrates some of the successes of non‐cooperative game theory in economics. Specifically, it discusses how non‐cooperative game theory has helped economists to understand dynamic competition, credibility and reputation, cooperation based on reciprocity and the threat of punishment, and interactions in which parties hold private information, including information about their own basic motivations.

Keywords:   cooperation, credibility, dynamic competition, motivation, non‐cooperative game theory, private information, punishment, reciprocity, reputation

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