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...

Contents: 1. Fairness in a system of cooperative, joint production -- 2. Decision, cooperation and stability -- 3. Side payments in effectivity analysis of cooperative games -- 4. Efficiency and fairness -- 5. The veil of ignorance -- 6. Intergenerational transfers -- 7. Intergenerational...

By combining recent research (especially that of Piketty and his associates) with established ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus...

'For most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theory's distinction between cooperative and...

Building on the success of the first edition, Game Theory and Public Policy, Second Edition provides a critical, selective review of key concepts in game theory with a view to their applications in public policy. The author further suggests modifications for some of the models (chiefly in...

Contents: 1. Introduction : plan and scope of the book -- 2. The future of capitalism -- 3. Why be concerned? inequality and instability -- 4. Sir Arthur Lewis' equalitarian vision -- 5. Piketty's narrative and the wealth tax -- 6. Can we "grow the middle class?" -- 7. Synthesis and extension --...

A Handbook of Cultural Economics includes over 60 eminently readable and concise articles by 50 expert contributors. This unique Handbook is both highly informative and readable; it covers a wide area of cultural economics and its closely related subjects. While being accessible to any reader...

AbstractThe following sections are included:An Overview of the ModelFCS GamesConsiderable Solutions in FCS GamesThe CoreDetermination of the Feasible Condition StructuresA Coalition for Production and SaleA Production-and-Sale Coalition in a Steady StateOptimality within the CoalitionBargaining...

AbstractThe following sections are included:PreliminariaTU Games in Partition Function FormSymmetrySuperadditivityEfficiencySuccessor FunctionNTU Games in Partition Function FormSuperior GamesExample: A Common-Property ResourceExample: A Cartel with Differentiated ProductsChapter Summary