A Game Theoretic Approach To Economic Policy Analysis
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A Game Theoretic Approach To Economic Policy Analysis
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Author : Peter Norman
language : en
Publisher:
Release Date : 1997
A Game Theoretic Approach To Economic Policy Analysis written by Peter Norman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Economics categories.
In the first chapter, Legislative Bargaining and Coalition Formation, I analyze a widely used model of endogenous policy determination. The main question is if the stationary equilibrium, a popular equilibrium selection in applied work, can be rationalized as approximating the unique backwards induction equilibrium with a long finite horizon. The answer is negative: I show that there is a continuum subgame perfect equilibrium outcomes in the finite horizon model. With sufficiently patient players a "folk theorem" applies. In contrast, I obtain generic uniqueness of equilibria in a generalized model where differences in time preferences are allowed. However, a unique equilibrium is always non-stationary and even if differences in discount rates are arbitrarily small, the non-stationarity is non-negligible.
Collective Action And Exchange
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Author : William D. Ferguson
language : en
Publisher: Stanford University Press
Release Date : 2013-07-10
Collective Action And Exchange written by William D. Ferguson and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-10 with Business & Economics categories.
In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.
The Political Economy Of Development
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Author : Robert H. Bates
language : en
Publisher: Cambridge University Press
Release Date : 2020-10-29
The Political Economy Of Development written by Robert H. Bates and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-29 with Business & Economics categories.
Explores the relationship between a government's political choices and its country's level of development.
Market Structure And Competition Policy
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Author : George Norman
language : en
Publisher: Cambridge University Press
Release Date : 2000-11-30
Market Structure And Competition Policy written by George Norman and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-11-30 with Business & Economics categories.
This 2000 text applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real-world markets operate. These results have particular relevance to the design and application of anti-trust policy. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.
A Game Theoretic Approach To Political Economy
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Author : Martin Shubik
language : en
Publisher: MIT Press (MA)
Release Date : 1984-01-01
A Game Theoretic Approach To Political Economy written by Martin Shubik and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-01-01 with Economics categories.
This companion volume to Shubik's masterful "Game Theory in the Social Sciences "sketches a unification of several branches of political economy on the basis of the theory of games. In five parts it covers basic factors that make economic decision making different from properties of economic goods, money, and wealth - static, one-sided, open model of oligopolistic competition; cooperative models of closed economic systems; strategic models of closed economic systems, and externalities and public goods. This final section explores a number of applications, including land ownership, voting, and the assignment of joint costs. The book concludes with an outline of a series of games within a game as a portrayal of a politico-economic process in a democratic society with a two-party system and public and private sectors. The approach adopted points the way toward a possible reconciliation of micro-and macroeconomics and an integration of economic, political, and sociological descriptions in the study of the short-term function of the state. Martin Shubik is Seymour H. Knox Professor of Mathematical Institutional Economics at Yale University.
Game Theory And Public Policy
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Author : Roger A. McCain
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010
Game Theory And Public Policy written by Roger A. McCain and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Political Science categories.
Game theory is useful in understanding collective human activity as the outcome of interactive decisions. In recent years it has become a more prominent aspect of research and applications in public policy disciplines such as economics, philosophy, management and political science, and in work within public policy itself. Here Roger McCain makes use of the analytical tools of game theory with the pragmatic purpose of identifying problems and exploring potential solutions in public policy. In practice, the influence of game theory on public policy and related disciplines has been less a consequence of broad theorems than of insightful examples. Accordingly, the author offers a critical review of major topics from both cooperative and noncooperative game theory, including less-known ideas in noncooperative game theory and constructive proposals for new approaches. In so doing, he provides a toolkit for the analysis of public policy as well as a clearer understanding of the public policy enterprise itself. The author s unique approach and treatment of game theory will be a useful resource for students and scholars of economics and public policy, as well as for policymakers themselves.
Coordination Of Economic Policy
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Author : Guido de Bruyne
language : en
Publisher:
Release Date : 1980
Coordination Of Economic Policy written by Guido de Bruyne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Cooperation categories.
A Game Theoretic Approach To Political Economy
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Author : Martin Shubik
language : en
Publisher:
Release Date : 1984
A Game Theoretic Approach To Political Economy written by Martin Shubik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with categories.
Game Theory And Economic Analysis
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Author : Christian Schmidt
language : en
Publisher: Routledge
Release Date : 2002-06-20
Game Theory And Economic Analysis written by Christian Schmidt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-20 with Business & Economics categories.
This book presents the huge variety of current contributions of game theory to economics. The impressive contributions fall broadly into two categories. Some lay out in a jargon free manner a particular branch of the theory, the evolution of one of its concepts, or a problem, that runs through its development. Others are original pieces of work tha
A Game Theoretic Approach To Political Economy
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Author : Martin Shubik
language : en
Publisher:
Release Date : 1987
A Game Theoretic Approach To Political Economy written by Martin Shubik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.