Call Boomerang Books 1300 36 33 32

Description - The Economic Theory of Social Institutions by Andrew Schotter

This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by using it to provide a new approach to a variety of questions both within and outside economics.

Buy The Economic Theory of Social Institutions by Andrew Schotter from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521067133
ISBN-10: 0521067138
Format: Paperback
(228mm x 152mm x 11mm)
Pages: 192
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 26-Jun-2008
Country of Publication: United Kingdom

Other Editions - The Economic Theory of Social Institutions by Andrew Schotter

Book Reviews - The Economic Theory of Social Institutions by Andrew Schotter

» Have you read this book? We'd like to know what you think about it - write a review about Economic Theory of Social Institutions book by Andrew Schotter and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Books By Andrew Schotter

Handbook of Experimental Economic Methodology by Andrew Schotter
Hardback, February 2015
$142.16