The same concept explains why it is difficult to raise voluntary ... of concepts and techniques in game theory. A related application in business economics is the design of incentive schemes.
Roth, Alvin E. "The Economist As Engineer: Game Theory, Experimental Economics and Computation As Tools of Design Economics." Econometrica 70, no. 4 (July 2002): 1341–1378.
Just how important is money? Few would deny that it plays a key role in the economy. During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...
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