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Conflict and Cooperation: Institutional and Behavioral Economics

ISBN: 978-1-4051-1355-7
364 pages
June 2004, Wiley-Blackwell
Conflict and Cooperation: Institutional and Behavioral Economics (1405113553) cover image
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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Forword by Warren J. Samuels.

Preface.

1. Introduction.

2. Institutional and Behavioral Economics Theory.

3. Behavioral Economics.

4. Individuals and Institutions.

5. Institutions and Organizations.

6. Sources of Human Interdependence.

7. Methods.

8. Markets.

9. Macro-Economic Institutions.

10. Technology, Growth, and Institutions.

11. Labor Institutions.

12. Political Institutions.

13. Institutional Change Analysis.

14. Recapitulation.

References.

Index
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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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  • 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.
See More
“A refreshing alternative to outdated microeconomics texts that endlessly parrot supply and demand, this book offers an analytically sharp, comprehensible, yet accessible guide to the new approaches that are rapidly transforming economics as a discipline.” Nancy Folbre, University of Massachusetts <!--end-->


“Right from the beginning, Schmid's magnificent volume has individuals interacting with historically-given institutions. There is no isolated Robinson Crusoe here. Schmid’s book is a superb overview of the modern literature on human agency in an institutional setting; it is the best and most comprehensive introduction to this cutting-edge literature in modern economics.” Geoffrey Hodgson, University of Hertfordshire

“I strongly recommend the book both as a teaching resource and as a new broad statement of institutionalist theory.”
Land Economics

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