{"product_id":"institutional-and-organizational-economics-a-behavioral-game-theory-introduction-paperback-softback-9781509559008","title":"Institutional and Organizational Economics; A Behavioral Game Theory Introduction (Paperback \/ softback) 9781509559008","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInstitutional and Organizational Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Behavioral Game Theory Introduction\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTore Ellingsen (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781509559008, Polity Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 6 October 2023\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages\u003cbr\u003e21.6 x 13.7 x 1.8 cm, 0.295 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e“\u003ci\u003eInstitutional and Organizational Economics\u003c\/i\u003e not only provides a superb development of the ideas of organizational economics, using the tools of basic game theory, but also offers fascinating connections to history, sociology, and literature. A tour de force.”\u003cbr\u003e\u003cb\u003eOliver D. Hart, Harvard University\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e“This slim volume offers an amazing wealth of ideas about institutions and organizations. The exposition nicely combines historical and experimental evidence with clear and simple behavioral game theoretic explanations. A book to instruct and delight students and scholars alike.”\u003cbr\u003e\u003cb\u003eAvinash Dixit, Princeton University\u003c\/b\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eWhy 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?\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eA groundbreaking text, \u003ci\u003eInstitutional and Organizational Economics\u003c\/i\u003e is essential reading for students and scholars of economics, political science, sociology, and public administration.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003ci\u003ePreface\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e1 The Organizational Challenge\u003cbr\u003e2 Sacrifice\u003cbr\u003e3 Selfishness, Rationality, and Utility\u003cbr\u003e4 Situations, Games, and Cooperation\u003cbr\u003e5 Shared Understandings and Values\u003cbr\u003e6 Predicting Behavior in Games\u003cbr\u003e7 A Model of Anarchy\u003cbr\u003e8 Changing the Game\u003cbr\u003e9 Coordination\u003cbr\u003e10 Authority’s Limitations\u003cbr\u003e11 Relationships\u003cbr\u003e12 Third-party Punishment\u003cbr\u003e13 Coercion: Costs and Benefits\u003cbr\u003e14 Contracts and Governance\u003cbr\u003e15 Limited Liability and Corporate Finance\u003cbr\u003e16 Asymmetric Information\u003cbr\u003e17 Application: The Oil-Pool Problem\u003cbr\u003e18 Conclusion\u003cbr\u003e19 More Food for Thought\u003cbr\u003e20 Further Reading\u003cbr\u003e\u003cbr\u003e\u003ci\u003ePostface\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eAnswers to Exercises\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eNotes\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eReferences\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eIndex\u003c\/i\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Polity","offers":[{"title":"Brand New","offer_id":52460625985816,"sku":"9781509559008","price":14.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781509559008.jpg?v=1785456087","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/institutional-and-organizational-economics-a-behavioral-game-theory-introduction-paperback-softback-9781509559008","provider":"Freshly Printed Books","version":"1.0","type":"link"}