In 1990, the Society for the Advancement of Economic Theory (SAET) was
founded with the main purpose to advance our knowledge in theoretical
economics and to facilitate communication among researchers in
economics, mathematics, game theory and any other field which is po-
tentially useful to economic theory. To achieve these goals, SAET
sponsors the research journal Economic Theory published by
Springer-Verlag and holds international conferences every other year.
The first two conferences SAET took place in the island of Cephalonia,
Greece, in the summers of of 1993 and 1995. In the summer of 1997, the
conference was held in Antalya, Turkey. The twenty-nine papers in this
volume are mostly by participants in the Antalya meeting of SAET and
form a broad sample of the 150 papers pre- sented there. Topics covered
include cooperative and noncooperative games, social choice and welfare,
bargaining, matchings, auctions, mechanism de- sign, general
equilibrium, general equilibrium with finance, industrial or-
ganization, macroeconomics, and experimental economics. We have chosen
to present the papers according to the alphabetical order of first
author names instead of grouping them by topic or theme. We have
appended a complete listing of the sessions in the conference together
with a list of program committee members and of sponsors at the end of
the volume.
