Publisher Summary This chapter provides an overview of the latest state of the art of
methods for numerical computation of Nash equilibria—and refinements of Nash equilibria …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

Games in which one party conveys private information to a second through messages
typically admit large numbers of sequential equilibria, as the second party may entertain a …

We present a signaling model, based on ideas of Phillip Nelson, in which both the
introductory price and the level of directly" uninformative" advertising or other dissipative …

This paper develops a signalling model with two signals, two attributes, and a continuum of
signal levels and attribute types to explain new issue underpricing. Both the fraction of the …

This paper studies the sequential equilibria of signaling games. It introduces a new solution
concept, divine equilibrium, that refines the set of sequential equilibria by requiring that off …

High and declining prices signal a high-quality product. High prices are the efficient means
of signaling, because the consequent loss of sales volume is most damaging for lower-cost …

The last decade has seen a steady increase in the application of concepts from
noncooperative game theory to such diverse fields as economics, political science, law …

We model firms' choice between bank loans and publicly traded debt, allowing for debt
renegotiation in the event of financial distress. Entrepreneurs, with private information about …

Applying recent advances in game theory to the study of nuclear deterrence, the author
examines some of the most complex and problematic issues in deterrence theory. Game …