Game Theory and Business Applications

1. Front Matter

   Pages i-vi

   PDF

2. Introduction

   • Kalyan Chatterjee, William Samuelson

   Pages 1-15

3. Game Theory Models in Finance

   • Franklin Allen, Stephen Morris

   Pages 17-41

4. Game Theory Models in Accounting

   • Chandra Kanodia

   Pages 43-79

5. Marketing Applications of Game Theory

   • Sridhar Moorthy

   Pages 81-101

6. Applications of Game Theory in Operation Management and Information Systems

   • Lode Li, Seungjin Whang

   Pages 103-135

7. Incentive and Strategic Contracting: Implications for the Franchise Decision

   • Francine Lafontaine, Margaret E. Slade

   Pages 137-188

8. Game Theory and the Practice of Bargaining

   • Kalyan Chatterjee

   Pages 189-206

9. A Game-Theoretic Approach to Legal Settlements

   • William Samuelson

   Pages 207-231

10. Game Theory and the Law

    • Jon Hanson, Kathleen Hanson, Melissa Hart

    Pages 233-263

11. Cooperation in R&D: Patenting, Licensing, and Contracting

    • Sudipto Bhattacharya, Claude d’Aspremont, Sergei Guriev, Debapriya Sen, Yair Tauman

    Pages 265-286

12. A Game-Theoretic Model of Tenure

    • Kalyan Chatterjee, Robert C. Marshall

    Pages 287-305

13. Experimentally Testing Game Theory

    • Rachel Croson

    Pages 307-321

14. Auctions: Advances in Theory and Practice

    • William Samuelson

    Pages 323-366

15. The Economics of Bidder Collusion

    • Robert C. Marshall, Leslie M. Marx, Michael J. Meurer

    Pages 367-397

16. Back Matter

    Pages 399-409

    PDF

Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions – from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional “rules of the game” take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies.

• Auctions
• Bidder Collusion
• Competitive Decision
• Experimental Economics
• Game Theoretic Models
• Game Theory
• Incentive Contracting
• Mathematical Modeling
• Microeconomics
• Operations Research

"This book surveys game theory models and methods in different disciplines of business, economics, law, marketing, finance and accounting. The volume presents a valuable collection of game theory models, which are developed by experts in the field and collected from many diverse cited sources in contemporary literature, with associated ideas, issues, mathematics and applications.  From both an academic and practical point of view, this book contains up- to-date and comprehensive surveys of many useful models involving strategic interactions in business.  It makes an important contribution to the literature, and is an extremely useful and interesting book for academics and professionals in the business and public policy world." (Dr. Sardar M. N. Islam,  Ph. D., LL. B. Professor,Victoria Institute for Strategic Economic Studies, College of Business,Victoria University, Australia, March 2015)

• , Department of Economics, Pennsylvania State University, University Park, USA

  Kalyan Chatterjee

• , School of Management, Boston University, Boston, USA

  William Samuelson

Policies and ethics