The present paper illustrates the coordination problem with a standard two-person non-cooperative gae, with yields two Nash equilibria in pure strategies, one of which is Pareto dominated by the other.

Social scientists are often concerned with the dynamics of struggles over resources and with the effect of these struggles on the process of development and change. This continuous dynamic game is intended to add to our knowledge of the dynamics of struggles over property.

Mechanism design or implementation theory, which studies the design of institutions or mechanisms implementing collective decisions under different circumstances, has been a major research area in the last three decades. hannu Vartiainen's doctoral dissertation analyzes several issues in this...

This paper applies n-person cooperative game theory to analyze the efficient cost allocation problem of a three communities contructing a common sewage system.

This paper shows that inter-regulatory competition can have powerful pro-consumer effects in an open economy world even when the consumers have little political influence. These findings overturn the welfare implications of capture theories that show that regulators do not vigorously pursue...

Drawing on the insights of game theory and East Asian experience, this short note argues the importance of co-operative solutions in achieving economic development. To realise these, even genuine developmental states must convince a sceptical private sector of their commitment to economic...