Game Theory in the Social Sciences: A Gam-Theoretic Approach to Political Economy

Game Theory in the Social Sciences: A Gam-Theoretic Approach to Political Economy

by Martin Shubik
     
 

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

See more details below

Overview

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.

Read More

Product Details

ISBN-13:
9780262192194
Publisher:
MIT Press
Publication date:
01/28/1984
Series:
Game Theory in the Social Sciences Ser.
Pages:
744
Product dimensions:
3.03(w) x 3.03(h) x (d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >