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Synopsis
Allan Schmid’s innovative text, Conflict and Cooperation: Institutional and Behavioral Economics,investigates "the rules of the game," how institutions--both formal and informal--affect these rules, and how these rules are changed to serve competing interests. This text addresses both formal and informal institutions and the impact of alternative institutions, as well as institutional change and evolution. With its broad applications and numerous practice and discussion questions, this book will be appealing not only to students of economics, but also to those studying sociology, law, and political science.
- Addresses formal and informal institutions, the impact of alternative institutions, and institutional change and evolution.
- Presents a framework open to changing preferences, bounded rationality, and evolution.
- Explains how to form empirically testable hypotheses using experiments, case studies, and econometrics.
- Includes numerous practice and discussion questions.
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Book Description
For those who wonder how ethics and psychology fit into economics, Allan Schmid's innovative text, Conflict and Cooperation,explores the importance of moral judgments in settling conflicts of interest, and the vast effects of human behavior on economic theories and models. Investigating the institutional 'rules of the game' - both formal and informal - and how these rules change to serve competing interests, this text addresses the substantive impact of alternative institutions and institutional evolution. An economic framework emerges, acknowledging human learning and preference change, bounded rationality, and disequilibrium.With its broad applications and numerous practice and discussion questions, this text will appeal not only to students of economics, but also to those studying sociology, law, and political science..
About the Author
A. Allan Schmid is University Distinguished Professor in the Department of Agricultural Economics at Michigan State University. He is the author of eight books, including Property, Power, and Public Choice (second edition, 1987), and Benefit–Cost Analysis: A Political Economy Approach (1989).
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- PublisherWiley-Blackwell
- Publication date2004
- ISBN 10 1405113561
- ISBN 13 9781405113564
- BindingPaperback
- Edition number1
- Number of pages364
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