This book presents Martin Shubik’s important contribution to the development of game theory, and shows how game theory methods can be used in the study of prices, money and financial institutions.

The structures of the world’s national and international, political and economic institutions have largely resulted from intuitive and ad-hoc organization with reforms taking place on a costly trial-and-error basis. This book offers a comprehensive evaluation of the tools which can be used for...

The book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyses the first game-theoretic...

In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses...

This timely collection will be an immensely valuable resource for academics, policy-makers, those commercially involved in the betting and gaming sectors as well as the interested layman.

This book explores the pre-conditions for conflict in terms of growth failure and critically appraises the greed and grievance theories common to conflict literature. It is argued that various institutional mechanisms of restraint that can be labeled the ‘social contract’ are crucial for...

Despite the increasing trend towards deregulation, the public regulation of private activities remains a common phenomenon in industrialized countries. However, it is frequently claimed that slow and costly regulatory licensing procedures impede economic growth. This book investigates the...

In this two-volume set the editors have brought together some of the most significant previously published papers by leading academics in this field. The Economics of Natural Hazards investigates the impact of natural disasters on national and regional economies. Volume I considers the effects...

Essays on Game Theory is a unique collection of seven of John Nash’s essays which highlight his pioneering contribution to game theory in economics.