Building on a base of simple economic theory and elementary linear algebra and calculus, this broad treatment of static and dynamic optimization methods discusses the importance of shadow prices, and
The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discr
How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstanc
Games of Strategy is beloved by students and instructors alike for its flexible organisation, focus on problem-solving and engaging and accessible examples from diverse fields, like political science, biology and business. The completely revised Fifth Edition adds the work of David McAdams, especially in the areas of market design and auction theory, and provides new insights into diverse applications, such as billion-dollar buy-outs, job offer negotiation, the Cuban Missile Crisis and collusion in the school milk market.
The Art of Strategy is filled with dozens of accounts from the worlds of business, politics, negotiations, sports, music, movies, and popular culture. Whether discussing strategies for losing weight
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment faile
Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game t
A clear, comprehensive introduction to the study of game theory. In the Fourth Edition, new real-world examples and compelling end-of-chapter exercises engage students with game theory.
Corporate managers who face both strategic uncertainty and market uncertaintyconfront a classic trade-off between commitment and flexibility. They can stake a claim by making alarge capital investment
