Advances in Economic Theory Volume 1 Sixth World Congress [Paperback]

This book gives the reader a unique survey of advances in economic theory.Comprised of papers examining the most recent developments in economic theory, these selections are the latest in a series of collections covering the most active fields in economic theory over a five year period.Comprised of papers examining the most recent developments in economic theory, these selections are the latest in a series of collections covering the most active fields in economic theory over a five year period.These books comprise papers examining the latest developments in economic theory given at the Sixth World Congress of the Econometric Society in Barcelona in August 1990. They are the latest in a series of collections that cover the most active fields in economic theory over a five year period. With papers from the world's leading specialists, the books give the reader a unique survey of the most recent advances in economic theory.List of contributors; Editor's preface; 1. Foundations of game theory Kenneth J. Binmore; 2. Refinements of Nash equilibrium Eric van Damme; Discussion of 'Foundations of game theory', Kenneth G. Binmore and 'Refinements of Nash equilibrium,' Eric van Damme Eddie Dekel; 3. Explaining cooperation and commitment in repeated games Drew Fudenberg; 4. Repeated games: cooperation and rationality David G. Pearce; Comments on the interpretation of repeated games theory Ariel Rubinstein; 5. Implementation, contracts and renegotiation in environments with complete information John Moore; 6. Implementation in Bayesian equilibrium: the multiple equilibrium problem in mechanism design Thomas R. Palfrey; Implementation theory: discussion Mathias Dewatripont.'[This book] is essential reading for anyone who is interested in the present state of economic theory and its likely future direction. Between them the papers cover almost all the areas of economic theory which were most active in the latter part of the 1980s (all of them still highly active today). All the pl³7