The Economics of Rights, Co-Operation, and Welfare

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9780631144496: The Economics of Rights, Co-Operation, and Welfare
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In The Economics of Rights, Cooperation and Welfare, Robert Sugden sets out to answer a question that lies at the heart of economics and politics: how can individuals coordinate their behaviour in the absence of central law-enforcing agencies? Using the tools of evolutionary game theory, Sugden shows how self-enforcing conventions of property and reciprocity can evolve spontaneously out of the interactions of self-interested individuals. He goes on to argue that such conventions tend to become norms, even if they arbitrarily favour some people relative to others, and even if they do not maximize social welfare.

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About the Author:

Robert Sugden is Professor of Economics at the University of East Anglia, Norwich, UK.

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Other Popular Editions of the Same Title

9780333682395: The Economics of Rights, Cooperation and Welfare

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ISBN 10:  0333682394 ISBN 13:  9780333682395
Publisher: Palgrave Macmillan, 2004
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9781349400188: The Economics of Rights, Co-operation and Welfare

Palgra..., 2005
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Sugden, Robert
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Robert Sugden
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