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:
 Some Concluding Remarks

Show Summary Details


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

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.