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Books > Business & Economics > Economics > Economic theory & philosophy
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Game Theory and Public Policy, Second Edition (Hardcover, 2nd edition)
Loot Price: R3,158
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Game Theory and Public Policy, Second Edition (Hardcover, 2nd edition)
Expected to ship within 12 - 17 working days
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Building on the success of the first edition, Game Theory and
Public Policy, Second Edition provides a critical, selective review
of key concepts in game theory with a view to their applications in
public policy. The author further suggests modifications for some
of the models (chiefly in cooperative game theory) to improve their
applicability to economics and public policy. Roger McCain makes
use of the analytical tools of game theory for the pragmatic
purpose of identifying problems and exploring potential solutions,
providing a toolkit for the analysis of public policy allowing for
a clearer understanding of the public policy enterprise itself. His
critical review of major topics from both cooperative and
non-cooperative game theory includes less-known ideas and
constructive proposals for new approaches. This revised edition
features a new second half that focuses on biform games, combining
cooperative and non-cooperative decisions in a simple and natural
way to provide a working model of externalities that can be applied
to issues such as monopoly policy and labor market policies.
Drawing on comparatively well understood models in cooperative game
theory and the author's own research on mathematical models of
biform games, this unique approach and treatment of game theory,
updated and expanded to stay on the cutting edge, will be a useful
resource for students and scholars of economics and public policy,
as well as for policymakers themselves.
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