Economists use game theory to model conflict and cooperation by at least two rational decision-makers where there is strategic behavior by the players who understand that their actions affect the ...

David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to ...

Dubai, United Arab Emirates: Exponential increases in research mixing game theory, microeconomics and computer science have improved the design of electronic markets, according to leading experts. Dr ...

TOPSHOT - President Trump's plan to create a "national bitcoin stockpile" has fueled speculation that other countries will follow suit. Game theory helps explain the logic behind Bitcoin's recent ...

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern. Researchers have now examines income ...

Microeconomic theory forms the cornerstone of modern economics by examining how individuals and firms make decisions under constraints and how these decisions shape market outcomes. It provides a ...

The research conducted by members of this group spans several areas of economic theory. One stream focuses on voting rules and how they affect the aggregation of information in elections. Another area ...