1.

Record Nr.

UNINA9910792186503321

Autore

Ferguson William D. <1953->

Titolo

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

Pubbl/distr/stampa

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

ISBN

0-8047-8556-2

Descrizione fisica

1 online resource (447 p.)

Classificazione

QM 000

Disciplina

330.01/5193

Soggetti

Game theory

Economics - Mathematical models

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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

Sommario/riassunto

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.