Game Theory: Economics, Theoretical Concepts & Finance Applications

In this book, the authors present current research in the study of the economics, theoretical concepts and finance applications of game theory. Topics discussed include the comparison of the game theories of Stackelberg and Bertrand and which price model is practically applicable; two cooperative solution concepts compared from a game theoretic point of view; the concept of subgame perfection; applications of game theory and evolutionary game theory in auditing; smart regulation of city cross-roads on the basis of game theory application; and game theory as applied to rights arbitration and bankruptcy.