Economic Organizations as Games

Ken Binmore is Professor of Economics at the University of Michigan.Partha Dasgupta is Professor of Economics at the University of Cambridge, and Fellow of St. John's College.

"This volume brings together a number of important recent papers on game theory and its application to imperfect competition and incentives". Alan Brandenburger, Economica "Like all good collections, it has the virtue of providing the non-specialist with an up-to-date review of the literature. The book is well produced and contains a very good bibliography". R.Rothschild, British Book News

• Preface vii Acknowledgements viiiINTRODUCTION Game Theory: A Survey K. Binmore and P. Dasgupta 1PART I EQUILIBRIUM THEORY1 The Existence of Equilibrium in Discontinuous Economic Games,I: TheoryP. Dasgupta and E. Maskin 492 The Existence of Equilibrium in Discontinuous Economic Games,II: ApplicationsP. Dasgupta and E. Maskin 83PART II IMPERFECT COMPETITION3 On the Rate of Convergence of Oligopoly Equilibria in Large Markets: An ExampleP. Dasgupta and Y. Ushio 1034 Natural Oligopolies A. Shaked and J. Sutton 1075 Relaxing Price Competition Through Product DifferentiationA. Shaked and J. Sutton 1256 The Theory of Technological Competition P. Dasgupta 1397 Strategic Considerations in Invention and Innovation: The Case of Natural Resources P. Dasgupta, R. Gilbert and J. E. Stiglitz 165PART III THE DESIGN OF ORGANIZATIONS8 On the Revelation Principle under Complete and Incomplete InformationR Repullo9 Optimal Incentive Schemes with Many AgentsD. Mookherjee 197Index 215