{"product_id":"the-economic-theory-of-social-institutions","title":"The Economic Theory of Social Institutions","description":"\u003cp\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Schotter, Andrew\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBrand:\u003c\/b\u003e Cambridge University Press\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEdition:\u003c\/b\u003e 1\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBinding:\u003c\/b\u003e paperback\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFormat:\u003c\/b\u003e Import\u003c\/p\u003e\u003cp\u003e\u003cb\u003eNumber Of Pages:\u003c\/b\u003e 192\u003c\/p\u003e\u003cp\u003e\u003cb\u003eRelease Date:\u003c\/b\u003e 26-06-2008\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart Number:\u003c\/b\u003e Refer to Sapnet.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eDetails:\u003c\/b\u003e Product Description\u003cbr\u003e\n\u003cbr\u003e\n\u003cbr\u003e\nThis book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by using it to provide a new approach to a variety of questions both within and outside economics.\u003cbr\u003e\n\u003cbr\u003e\n\u003cbr\u003e\nBook Description\u003cbr\u003e\n\u003cbr\u003e\n\u003cbr\u003e\nThis book uses game theory to analyse the creation, evolution, and function of economic and social institutions.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEAN:\u003c\/b\u003e 9780521067133\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePackage Dimensions:\u003c\/b\u003e 8.8 x 6.1 x 0.9 inches\u003c\/p\u003e\u003cp\u003e\u003cb\u003eLanguages:\u003c\/b\u003e English\u003c\/p\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":50226458296624,"sku":"Trans_9780521067133","price":3717.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0690\/9968\/4144\/files\/613ecTTbUEL.jpg?v=1760684920","url":"https:\/\/www.retailmaharaj.com\/bn\/products\/the-economic-theory-of-social-institutions","provider":"Retail Maharaj","version":"1.0","type":"link"}