Voting Paradoxes and Their Probabilities -- Condorcet's Paradox and Group Coherence -- Other Incompability Paradoxes -- Other Voting Paradoxes -- Condorcet Efficiency and Social Homogeneity -- Coherence and the Efficiency Hypothesis -- Other Characteristics of Voting Rules -- The Significance of...

This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing...

The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept...

This book considers how emerging economies around the world face the challenge of building good institutions and effective governance, since so much of economic development depends on having these in place. The promotion of shared prosperity and the battle against poverty require interventions...