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Nations persist and thrive when economic and social institutions complement each other; they weaken and die when these institutions conflict. The same is true for sustainable water management, which is becoming more difficult as rising demand, falling supply and intensifying climate change...
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We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014180666
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014185419