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The Theory of Implementation of Socially Optimal Decisions in Economics

  • Luis C. Corchón

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Luis C. Corchón
    Pages 1-24
  3. Luis C. Corchón
    Pages 25-38
  4. Luis C. Corchón
    Pages 39-63
  5. Luis C. Corchón
    Pages 113-135
  6. Luis C. Corchón
    Pages 137-155
  7. Back Matter
    Pages 156-165

About this book

Introduction

Since the early seventies, following the pioneering work by Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organise the society that are both socially optimal and incentive compatible. This book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers and anyone wishing to update their knowledge of the field.

Keywords

economics equilibrium game theory interest Nash equilibrium public goods

Authors and affiliations

  • Luis C. Corchón
    • 1
  1. 1.Universidad de AlicanteAlicanteSpain

Bibliographic information