
Institutional and Organizational Economics
A Behavioral Game Theory Introduction
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
Why do some countries succeed while others struggle? Why are some firms profitable while rivals fail? Why do some marriages thrive and others end in divorce? These questions seem unrelated, but societies, companies, and marriages have one important thing in common: they involve more than one individual. They thus face the same fundamental challenges. How can people be made to help rather than hurt each other? How can they use sacrifice, cooperation, and coercion to promote the common good?
In this introductory text, Tore Ellingsen equips readers to answer essential questions around the success and failure of humans in groups, drawing on behavioral game theory, psychology, and sociology. He emphasizes how other-regarding preferences such as altruism and dutifulness matter for societies' prosperity, and analyzes the role of culture in the form of shared values and understandings. One lesson is that cooperation is facilitated when people anticipate that they will hold common memories of past behavior, especially if agreements take precedence over leaders' authority.
A groundbreaking text, Institutional and Organizational Economics is essential reading for students and scholars of economics, political science, sociology, and public administration.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Dedication
- Title Page
- Copyright
- Preface
- 1 The Organizational Challenge
- 2 Sacrifice
- 3 Selfishness, Rationality, and Utility
- 4 Situations, Games, and Cooperation
- 5 Shared Understandings and Values
- 6 Predicting Behavior in Games
- 7 A Model of Anarchy
- 8 Changing the Game
- 9 Coordination
- 10 Authority’s Limitations
- 11 Relationships
- 12 Third-Party Punishment
- 13 Coercion: Costs and Benefits
- 14 Contracts and Governance
- 15 Limited Liability and Corporate Finance
- 16 Asymmetric Information
- 17 Application: The Oil-Pool Problem
- 18 Conclusion
- 19 More Food for Thought
- 20 Further Reading
- Postface
- Answers to Exercises
- References
- Index of Authors
- General Index
- End User License Agreement