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...

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. 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 --...

'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...

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...