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Group Formation in Economics - Networks, Clubs, and Coalitions (Hardcover)
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Group Formation in Economics - Networks, Clubs, and Coalitions (Hardcover)
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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 recently 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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