The transformation of Eastern and Central Europe into
functioning market democracies can be facilitated by incorporating
the lessons of cooperation theory into standard economic theory. By
doing so, the countries are more likely to achieve the fruits and
benefits of a market democracy so long denied their citizens.
Institutional, theoretical, and empirical results of game theory
and policy analysis are woven together to present a timely
understanding of this complex issue. Policy makers with key roles
in the transformation processes, general economists, political
scientists, and laypersons will find this analysis a useful
resource.
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