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Internalized social norms in conflicts: an evolutionary approach

✍ Scribed by Erik Mohlin

Book ID
106274244
Publisher
Springer
Year
2010
Tongue
English
Weight
177 KB
Volume
11
Category
Article
ISSN
1435-6104

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Economists have viewed the presence of externalities and other market failures as leading to a private equilibrium that would not be Pareto optimal. In the exploitation of common-pool resources, especially biological resources, this would lead to the much-discussed 'tragedy of the commons'. A challe