game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic … understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems … as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and …

The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … in trade. The second purpose of the paper is to develop a theory of institutions that implement optimal allocations. We …