Substantial danger exists that politically prescribed market interventions, designed to counter a supposed failure of the markets, will leave markets functioning worse rather than better. This is particularly true of Eastern European transition countries, where institutional regulations function...

Es besteht eine erhebliche Gefahr, dass politisch verordnete Markteingriffe, die einem vermeintlichen Versagen der Märkte entgegenwirken sollen, Agrarmärkte nicht besser sondern schlechter funktionieren lassen. Dies gilt einmal mehr für osteuropäische Transformationsländer mit einem...

This is a draft of the first half of an open access textbook on game theory. I hope to complete the entire book by the end of 2015. After teaching game theory (at both the undergraduate and graduate level) at the University of California, Davis for 25 years, I decided to organize all my teaching...