Suchergebnisse

Game theory as a theory of interactive decision making formalizes the modeling of social processes by creating an analytical basis for analyzing decision making in circumstances of risks, & the actors' cooperation or noncooperation. The core concepts -- Nash & Stackelberg's equilibrium, stochastic & differential games, transferable utility, cooperative & noncooperative games -- illustrate the scope of issues in the international economy that are applicable to the game theory. The author analyzes several instances of game theory in the international economy: various national tariff policies & the creation of tariff unions; international cartels; extraction of the resources of joint property; coalitions; & international negotiations. The author presupposes a smattering of knowledge of the game theory technique; as far as possible, the analysis is carried out nontechnically. 30 References. Adapted from the source document.