Abstract: This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became...

Consider repeated two-player games with perfect monitoring and discounting. We provide an algorithm that computes the set V* of payoff pairs of all pure-strategy subgame perfect equilibria with public randomization. The algorithm provides significant efficiency gains over the existing...

Large classes of game theoretic problems seem to defy attempts of finding polynomial-time al-gorithms while analyzing large amounts of data. This premise leads naturally to the possibility of using efficient parallel computing implementations when seeking exact solutions to some of these...