This paper provides a novel, simple, and computationally tractable method for determining an identified set that can account for a broad set of economic models when the economic variables are discrete. Using this method, ...

Game theory is the standard method in economics used to analyse situations where people or firms interact, for example, auctions, bargaining, cooperation, markets with a small number of firms, and many other social ...

In assessing the present situation numerous influential international researchers have taken the view that macroeconomic researchers today largely have converged on the use of its methodology. For the study on economic ...