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gains can be realized, but turn to spiteful money burners when there is no scope for efficiency improvements and the risk of …
Persistent link: https://www.econbiz.de/10009744188
We examine the effectiveness of three democratically chosen rules that alleviate the coordination and cooperation problems inherent in collectively managed common-pool resources. In particular we investigate how rule effectiveness and rule compliance depends on the prevailing local norms and...
Persistent link: https://www.econbiz.de/10009764816