Planning Game

<p>Trading information is an essential aspect of the negotiations that underpin planning practice across the globe. In this book Alex Lord uses information economics to outline a way of thinking about these negotiations that places the strategies that actors in the planning game use at the heart of the debate.</p><p>Dialogue between economics and planning theorists has been until now rare. Lord argues that information economics' tool kit game theory - including well-known examples such as the Prisoners' Dilemma the Stag Hunt game and Follow the Leader - offers an analytical framework ideally suited to unpacking planning processes. </p><p>This use of game theory to understand how counterparties interact draws together two distinct bodies of literature: firstly the mainstream economics treatment of games in abstract form and secondly accounts of actual bargaining in planning practice from a host of international empirical studies.</p><p>Providing a novel alternative to existing theories of planning <em>The Planning Game</em> provides an explanation of how agencies interact in shaping the trajectory of development through the application of game theory to planning practice.</p>