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How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental … cooperation under anarchy. … question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation …
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themes' in his corpus-anarchy, contract, constitution, Pareto optimality, 'public choice' and so on. In doing so, we … investigate a number of tensions in Buchanan's conception-between a libertarian affinity with anarchy and constitutional …
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conflicting parties. In fact, under anarchy both parties can be better off than under an international regime if mediation reduces …
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This paper investigates institutions that develop to strengthen or expand the discipline of continuous dealings as a mechanism for privately enforcing law. I consider three such institutions in three different anarchic contexts: that of Caribbean pirates; that of drug-dealing gangs and prison...
Persistent link: https://www.econbiz.de/10010863173
social cooperation without government. Gypsies’ belief system is an efficient institutional response to the constraints they …
Persistent link: https://www.econbiz.de/10010863833
Can anarchy be efficient? This paper argues that for reasons of efficiency, rational, wealth-maximizing agents may … prohibitively costly, anarchy is the efficient mode of social organization. If total social wealth under conditions of relatively … a cost-benefit perspective. The framework I provide explains the persistence of anarchy in two major areas where we tend …
Persistent link: https://www.econbiz.de/10005705957
In this paper we analyze the optimal mix between appropriative and defensive activities for goods (goods contest) and appropriative and defensive activities for resources (resource contest). We show that goods contests are qualitatively different from resource contests. It turns out that for...
Persistent link: https://www.econbiz.de/10005709090