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9781107407381

Group Formation in Economics

by ;
  • ISBN13:

    9781107407381

  • ISBN10:

    1107407389

  • Format: Paperback
  • Copyright: 2012-09-13
  • Publisher: Cambridge Univ Pr

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Summary

Broad and diverse ranges of activities are conducted within and by organized groups of individuals, including political, economic and social activities. These activities have become a subject of intense interest in economics and game theory. Some of the topics investigated in this 2005 collection are models of networks of power and privilege, trade networks, co-authorship networks, buyer-seller networks with differentiated products, and networks of medical innovation and the adaptation of new information. Other topics are social norms on punctuality, clubs and the provision of club goods and public goods, research and development and collusive alliances among corporations, and international alliances and trading agreements. While relatively recent, the literature on game theoretic studies of group formation in economics is already vast. This volume provides an introduction to this important literature on game-theoretic treatments of situations with networks, clubs, and coalitions, including some applications.

Table of Contents

Strategic Approach to Network Formation
A survey of models of network formation: stability and efficiency
Models of network formation in cooperative games
Farsighted stability in network formation
Learning in networks
On Equilibrium Formation of Groups: A Theoretical Assessment
Group formation: the interaction of increasing returns and preferences diversity
Games and economies with near exhaustion of gains to scale
Coalitions and clubs: Tiebout equilibrium in large economies
Secession-proof cost allocations and stable group structures
Groups, Clubs, Alliances in Political and Economic Environments
Political parties and coalition formation
Design of constitutional rules: Banzhof power index, design of rules
Group and network formation in industrial organization: a survey
Institution design for managing global commons: lessons from coalition theory
Inequality and growth clubs
Informal insurance, enforcement constraints, and group formation
Spontaneous market emergence and social networks
Table of Contents provided by Publisher. All Rights Reserved.

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