Fixed Point Theorems with Applications to Economics and Game Theory by Kim C. Border (PDF)

Description

One of the problems in economics that economists have devoted a considerable amount of attention in prevalent years has been to ensure consistency in the models they employ. Assuming markets to be generally in some state of equilibrium, it is asked under what circumstances such equilibrium is possible. The fundamental mathematical tools used to address this concern are fixed point theorems: the conditions under which sets of assumptions have a solution. This book gives the reader access to the mathematical techniques involved and goes on to apply fixed point theorems to proving the existence of equilibria for economics and for co-operative and noncooperative games. Special emphasis is given to economics and games in cases where the preferences of agents may not be transitive. The author presents topical proofs of old results in order to further clarify the results. He also proposes fresh results, notably in the last chapter, that refer to the core of a game without transitivity. This book will be useful as a text or reference work for mathematical economists and graduate and advanced undergraduate students.

User’s Reviews

Editorial Reviews: Review “The book cleanly separates the mathematical theory from the economic applications. Mathematicians, as well as economists, will value this book as a basic, helpful handbook on finite-dimensional fixed-point theorems.” Joel Franklin, SIAM Review”Perhaps the book’s greatest strength is that the level of mathematical sophistication it requires is uniform throughout.” Timothy J. Kehoe, Journal of Economic Literature”The organization of the material is novel and interesting and should make the book a useful reference work and perhaps a textbook for a rigorous class on static equilibrium theory of finite competitive economics.” Erwin Klein, Mathematical Reviews Book Description This book explores fixed point theorems and its uses in economics, co-operative and noncooperative games.

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐Elegant book for results in finite dimensional spaces. The interconnections given in Chapters 9 and 21 are enlightening. As my home is more than 3 blocks away from the library of the Stockholm School of Economics, I am most certainly the first on my block to own a copy of this great book.

⭐This book is an awesome reference for economists or those interested in game theory. It is highly mathematical, so if your mathematical maturity is not very high I would not recommend this book for you. I am finishing up my masters in mathematics and some of it was slow reading even for me. However, if you would be able to read the mathematics I highly recommend it.

⭐

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