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On the Usefulness of Game Theory for the Resolution of Real-World Collective Action Problems

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  • WERNER RAUB

    (Utrecht University)

  • THOMAS VOSS

    (University of Munich)

  • JEROEN WEESIE

    (Utrecht University)

Abstract

An important task in the application of game-theoretic rational choice models to collective action problems consists in linking elements of the social structure to abstract concepts used in the modeling of game situations. Michael Hechter correctly identifies three major research areas in game theory (equilibrium selection, incomplete information, imperfect information) where such links are needed. However, we disagree with most of his conclusions on the problem situation in these areas.

Suggested Citation

  • Werner Raub & Thomas Voss & Jeroen Weesie, 1992. "On the Usefulness of Game Theory for the Resolution of Real-World Collective Action Problems," Rationality and Society, , vol. 4(1), pages 95-102, January.
    • Handle: RePEc:sae:ratsoc:v:4:y:1992:i:1:p:95-102
    DOI: 10.1177/1043463192004001011
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    References listed on IDEAS

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    1. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, December.
    2. Kreps, David M. & Milgrom, Paul & Roberts, John & Wilson, Robert, 1982. "Rational cooperation in the finitely repeated prisoners' dilemma," Journal of Economic Theory, Elsevier, vol. 27(2), pages 245-252, August.
    3. Green, Edward J & Porter, Robert H, 1984. "Noncooperative Collusion under Imperfect Price Information," Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
    4. Michael Hechter, 1992. "The Insufficiency of Game Theory for the Resolution of Real-World Collective Action Problems," Rationality and Society, , vol. 4(1), pages 33-40, January.
    5. Bendor, Jonathan & Mookherjee, Dilip, 1987. "Institutional Structure and the Logic of Ongoing Collective Action," American Political Science Review, Cambridge University Press, vol. 81(1), pages 129-154, March.
    6. Kreps, David M. & Wilson, Robert, 1982. "Reputation and imperfect information," Journal of Economic Theory, Elsevier, vol. 27(2), pages 253-279, August.
    7. Kreps, David M., 1990. "Game Theory and Economic Modelling," OUP Catalogue, Oxford University Press, number 9780198283812.
    8. Abreu, Dilip & Pearce, David & Stacchetti, Ennio, 1986. "Optimal cartel equilibria with imperfect monitoring," Journal of Economic Theory, Elsevier, vol. 39(1), pages 251-269, June.
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