Economic Theory of Social Institutions

Name: Economic Theory of Social Institutions
Price: 29.05 USD
Availability: InStock
ISBN: 9780521067133

ISBN-10: 0521067138

ISBN-13: 9780521067133

Edition: 2008

Authors: Andrew Schotter

List price: $49.99

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Description:

This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The…

Book details

List price: $49.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 6/26/2008
Binding: Paperback
Pages: 192
Size: 6.00" wide x 8.75" long x 0.50" tall
Weight: 0.638
Language: English




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