Browse Hierarchy ECOM011: Games and Information

Game theory provides a framework to describe and analyse interactive situations of conflict and cooperation between rational decision makers. It has been successfully applied to many relevant situations, such as business competition, the functioning of markets, auctions, design of employment contracts and union negotiations, to name just a few. This module covers the main ideas of game theory and shows how they have been applied to many situations drawn mostly from economics. We also cover analysis of interactions when actors are asymmetrically informed and may use their information strategically.