Group Formation In Economics Networks Clubs and Coalitions 1st Edition by Gabrielle Demange, Myrna Wooders 9780511109867 0511109865

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Product details:

ISBN 10: 0511109865

ISBN 13: 9780511109867

Author: Gabrielle Demange, Myrna Wooders

Broad and diverse ranges of activities are conducted within and by organized groups of individuals, including political, economic and social activities. These activities have become a subject of intense interest in economics and game theory. Some of the topics investigated in this collection are models of networks of power and privilege, trade networks, co-authorship networks, buyer–seller networks with differentiated products, and networks of medical innovation and the adaptation of new information. Other topics are social norms on punctuality, clubs and the provision of club goods and public goods, research and development and collusive alliances among corporations, and international alliances and trading agreements. While relatively recent, the literature on game theoretic studies of group formation in economics is already vast. This volume provides an introduction to this important literature on game-theoretic treatments of situations with networks, clubs, and coalitions, including some applications.

Table of contents:

PART ONE Network Formation, Communication, and Learning

1. A Survey of Network Formation Models: Stability and Efficiency

2. Models of Network Formation in Cooperative Games

3. Farsighted Stability in Network Formation

4. Learning in Networks

PART TWO On Equilibrium Formation of Groups: A Theoretical Assessment

5. Group Formation: The Interaction of Increasing Returns and Preferences Diversity

6. Games and Economies with Near Exhaustion of Gains to Scale

7. Coalitions and Clubs: Tiebout Equilibrium in Large Economies

8. Secession-Proof Cost Allocations and Stable Group Structures in Models of Horizontal Differentiation

PART THREE Groups, Clubs, and Alliances in Political and Economic Environments

9. Political Parties and Coalition Formation

10. Power in the Design of Constitutional Rules

11. Group and Network Formation in Industrial Organization: A Survey

12. Institution Design for Managing Global Commons: Lessons from Coalition Theory

13. Inequality and Growth Clubs

14. Informal Insurance, Enforcement Constraints, and Group Formation

15. Spontaneous Market Emergence and Social Networks

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Tags: Gabrielle Demange, Myrna Wooders, Group, Networks