Applications Of Game Theory In Agricultural Economics: Review And Requiem
Game theory - aptly described as the scientific approach to poker, business, women and war - has proved to be no cure-all for the conflict situations studied by agricultural economists. Like Marshall, it has had its day. Still, just as in general economics, game theory has provided an alternative framework for the study of a variety of agricultural problems. This paper aims to review these studies. As background, a brief resume of the more important economic theories of decision making in risky situations will first be given, followed by an outline of the pertinent aspects of game theory. Agricultural applications are then considered. A general appraisal - pro and con, past and future - completes the review.
Volume (Year): 06 (1962)
Issue (Month): 02 (December)
|Contact details of provider:|| Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200|
Phone: 0409 032 338
Web page: http://www.aares.info/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Otto A. Davis & Andrew Whinston, 1962. "Externalities, Welfare, and the Theory of Games," Journal of Political Economy, University of Chicago Press, vol. 70, pages 241.
- Dillon, John L. & Lloyd, Alan G., 1962. "Inventory Analysis Of Drought Reserves For Queensland Graziers: Some Empirical Analytics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 6(01), September.
- Throsby, C.D., 1961.
"Game Theory And A Time-Of-Market Decision,"
Australian Journal of Agricultural Economics,
Australian Agricultural and Resource Economics Society, vol. 5(01), September.
- C.D. Throsby, 1961. "Game Theory And A Time‐Of‐Market Decision," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 5(1), pages 9-22, 09.
- Dillon, John L. & Heady, Earl O., 1958. "Decision Criteria For Innovation," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 2(02), December.
- C. Hildreth, 1957. "Problems of Uncertainty in Farm Planning," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 39(5), pages 1430-1441.
- Martin Shubik, 1952. "Information, Theories of Competition, and the Theory of Games," Journal of Political Economy, University of Chicago Press, vol. 60, pages 145.
- T. W. Schultz & O. H. Brownlee, 1942. "Two Trials to Determine Expectation Models Applicable to Agriculture," The Quarterly Journal of Economics, Oxford University Press, vol. 56(3), pages 487-496.
- J. Marschak, 1955. "Elements for a Theory of Teams," Management Science, INFORMS, vol. 1(2), pages 127-137, January.
- Ward Edwards, 1962. "Utility, subjective probability, their interaction, and variance preferences," Journal of Conflict Resolution, Peace Science Society (International), vol. 6(1), pages 42-51, March.
- Martin Shubik, 1961. "Some Informal Comments on Models of Decision Processes Under Uncertainty," Cowles Foundation Discussion Papers 113, Cowles Foundation for Research in Economics, Yale University.
When requesting a correction, please mention this item's handle: RePEc:ags:ajaeau:22459. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.