Social Coordination and Social Change.
Social and economic institutions govern how people interact with each other--they define the "rules of the game". Choosing the rules is at bottom a pure coordination problem, since people must agree on the rules in order to play. We posit that these rules evolve endogenously through the re...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (Johns Hopkins University)
1996
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