Economics, Politics and SociologyTextbooks and Learning Guides

No Prices No Games!: Four Economic Models
Michael RichterAriel Rubinstein

While current economic theory focuses on prices and games, this book models economic settings where harmony is established through one of the following societal conventions:
• A power relation according to which stronger agents are able to force weaker ones to do things against their will.
• A norm that categorizes actions as permissible or forbidden.
• A status relation over alternatives which limits each agent's choices.
• Systematic biases in agents' preferences.