Game Theory and Bargaining Theory
Game theory and bargaining theory (JEL C7) cover the formal analysis of strategic interaction.
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Scope
It includes noncooperative and cooperative game theory, equilibrium concepts, bargaining, and mechanism design.
Sub-topics
Core questions
- How do agents behave strategically?
- What are the solution concepts of games?
- How are bargaining outcomes determined?
Key concepts
- Nash equilibrium
- Noncooperative games
- Cooperative games
- Bargaining
- Mechanism design
Related topics
Frequently asked questions
- What is a Nash equilibrium?
- A strategy profile in which no player can gain by unilaterally changing strategy, given the others' choices.