Central-Local Game Theory: Understanding the Dynamics of Power

Central-local game theory refers to the strategic interaction between central and local governments. This theory attempts to understand the complex dynamics of power, resource allocation, and policy implementation in a decentralized system. It examines how different levels of government make decisions, negotiate, and compete to achieve their objectives. 'Central-local game theory' is a crucial concept for understanding the functioning of modern states and the challenges of balancing central authority with local autonomy.