Models of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including:

• decision theory
• game theory
• mechanism design
• games of asymmetric information.

Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.

Models of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including:

• decision theory
• game theory
• mechanism design
• games of asymmetric information.

Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.

We live in an uncertain world, is a truism most of us hear more often than we would like. What one usually means to say by this is that we do not know what will happen in the future. Since changes, even major ones, have occurred in the past, it is possible that they will occur again in the future. In politics institutions are ways of coping with continuity and change. In democratic systems the electoral institutions provide ways of peaceful adjustment to changes in popular opinions. This book is about uncertainty as it pertains to electoral institutions. We shall deal with the ways in which...

Voting paradoxes are unpleasant surprises encountered in voting. Typically they suggest that something is wrong with the way in dividual opinions are being expressed or processed in voting. The outcomes are bizarre, unfair or otherwise implausible, given the expressed opinions of voters. Voting paradoxes have an important role in the history of social choice theory. The founding fathers of the theory, Marquis de Condorcet and Jean-Charles de Borda, were keenly aware of some of them. Indeed, much of the work of these and other forerunners of the modern social choice theory dealt with ways of...

In many contexts of everyday life we find ourselves faced with the problem of reconciling the views of several persons. These problems are usually solved by resorting to some opinion aggre- gating procedure, like voting. Very often the problem is thought of as being solved after the decision to take a vote has been made and the ballots have been counted. Most official decision making bodies have formally instituted procedures of voting but in informal groups such procedures are typically chosen in casu. Curiously enough people do not seem to pay much attention to which particular procedure is...

Voting paradoxes are unpleasant surprises encountered in voting. Typically they suggest that something is wrong with the way in dividual opinions are being expressed or processed in voting. The outcomes are bizarre, unfair or otherwise implausible, given the expressed opinions of voters. Voting paradoxes have an important role in the history of social choice theory. The founding fathers of the theory, Marquis de Condorcet and Jean-Charles de Borda, were keenly aware of some of them. Indeed, much of the work of these and other forerunners of the modern social choice theory dealt with ways of...

We live in an uncertain world, is a truism most of us hear more often than we would like. What one usually means to say by this is that we do not know what will happen in the future. Since changes, even major ones, have occurred in the past, it is possible that they will occur again in the future. In politics institutions are ways of coping with continuity and change. In democratic systems the electoral institutions provide ways of peaceful adjustment to changes in popular opinions. This book is about uncertainty as it pertains to electoral institutions. We shall deal with the ways in which...

This book revisits the well-known 1982 publication Power, Voting and Voting Power. Many authors participate here again in discussing the achievements of three decades of intensive research and point the way to key issues for future work.