Game theory bargaining and auction strategies: practical examples from internet auctions to investment banking

Abstract

"Game Theory Bargaining and Auction Strategies bridges the gulf between the theoretical economic principles of negotiation and auction theory and explores the multifaceted applications of these principles in practice. The book provides a comprehensive collection of case studies that detail the outcomes of different game theoretic and bargaining strategies. Each case study is accompanied by an accessible and lucid explanation of the relevant theoretical aspects and is written with general readers and practitioners in mind. Game Theory will supplement the already existing literature and contributes to shaping the application of game theory appropriately in the actual practice of price negotiations. Scholars and students of economics will find the feedback from practitioners about the applicability and relevance of current research worthwhile reading. Furthermore, the text contains numerous valuable insights for those involved in negotiations, especially auctions, to help increase personal success."--