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Group Formation in Economics - Networks, Clubs, and Coalitions (Paperback)
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Group Formation in Economics - Networks, Clubs, and Coalitions (Paperback)
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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 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.
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