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How do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical economics is a market theory...
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pt. 1. The power of the market -- pt. 2. The logic of reform -- pt. 3. Transition of growth patterns -- pt. 4. The prospects for state-owned enterprises -- pt. 5. The lifeblood of enterprises -- pt. 6. Choices for the future.
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Individual rationality and social optimum -- The Nash equilibrium and the Prisoners' dilemma game -- Multiple equilibriums, institutions, and cultures -- Threats and commitments -- Bargaining and patience -- Repeated games and cooperative behavior -- Incomplete information and reputation --...
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