Chapter

Some Concluding Remarks

Kaushik Basu

in Prelude to Political Economy

Published in print September 2000 | ISBN: 9780198296713
Published online November 2003 | e-ISBN: 9780191595943 | DOI: http://dx.doi.org/10.1093/0198296711.003.0011
 Some Concluding Remarks

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This chapter begins with an analyses on the pdomain problem based on the discussions throughout the book. This problem has important implications for mechanism design and the understanding of the free-rider problem. It argues that human beings fail to use their rationality calculus over all available actions but only over a subset of them.

Keywords: pdomain problem; rationality calculus; economics; games; free-rider problem

Chapter.  4937 words. 

Subjects: Microeconomics

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