Collective action and exchange : a game-theoretic approach to contemporary political economy / William D. Ferguson.

Format:

Book

Author/Creator:

Ferguson, William D., 1953-

Language:

English

Subjects (All):

Game theory.

Economics--Mathematical models.

Economics.

Physical Description:

1 online resource (447 p.)

Edition:

1st ed.

Place of Publication:

Stanford, California : Stanford Economics and Finance, an imprint of Stanford University Press, 2013.

Language Note:

English

Summary:

In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.

Contents:

Frontmatter

Contents

Acknowledgments

Introduction: A Farmer’s Market

Chapter 1 Collective-Action Problems and Innovative Theory

Chapter 2 The Basic Economics of Collective Action

Chapter 3 Coordination, Enforcement, and Second-Order Collective-Action Problems

Chapter 4 Seizing Advantage: Strategic Moves and Power in Exchange

Chapter 5 Basic Motivation: Rational Egoists and Reciprocal Players

Chapter 6 Foundations of Motivation: Rationality and Social Preference

Chapter 7 Institutions, Organizations, and Institutional Systems

Chapter 8 Informal Institutions

Chapter 9 Internal Resolution via Group Self-Organization

Chapter 10 Third-Party Enforcement, Formal Institutions, and Interactions with Self-Governance

Chapter 11 Social Networks and Collective Action

Chapter 12 Policy and Political Economy

Appendix to Chapter 12

Chapter 13 Knowledge, Collective Action, Institutions, Location, and Growth

Chapter 14 Conclusion

Notes

References

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9780804785563

0804785562

OCLC:

849787063