Description

The rise of game theory around the middle of the twentieth century has profoundly affected the way economic theory is practiced. The present book is a collection of Kaushik Basu's papers on game theory and, more generally, strategic analysis. It includes papers in both pure and applied theory. In the theoretical papers the emphasis is more on the philosophical foundations of rational and strategic behaviour than on the mathematical basis of game theory. They deal with questions like: Can social order be achieved entirely through the pursuit of selfish individual aims or are social norms and a commitment to some deontic principles necessary? What role does higher knowledge of interpersonal rationality play in guiding human behaviour? The applied papers range over topics in the organization and modeling of government behaviour and topics in industrial organization theory, such as entry-deterrence, psychology and pricing and collusion and antitrust legislation.

Reviews

"It is wonderful to see Kaushik Basu's papers being put together in these volumes. His works have greatly enriched economics and the social sciences, and it is extremely useful to have these essays collected together in this way. This is quite an event for the discipline." -- Amartya Sen, Harvard University 1998 Nobel Laureate in Economics

"Kaushik Basu displays a rare combination of concern for social justice and a deep understanding of the fundamental issues in economic modeling. The spirit of this collection will provide inspiration for any young economist."-- Ariel Rubenstein, Tel Aviv University and New York University

"Kaushik Basu takes the best analytical tools of microeconomics and uses them to probe the fundamental economic problems that determine wealth and poverty of nations throughout the world. The breadth and depth of his vision is extraordinary."-- Roger Myerson, University of Chicago

Product Details

224 pages; ISBN13: 978-0-19-566762-2ISBN10: 0-19-566762-X

About the Author(s)