Challenges for Market and Institutional Design when Countering Exploitation Strategies

Gigi Foster, Paul Frijters, Ben Greiner

Publikation: Beitrag in Buch/KonferenzbandBeitrag in Sammelwerk

Abstract

Cooperation within larger groups is often endangered by incentives to free ride. One goal of market and institutional design is to create environments in which socially efficient cooperation can be achieved. The main point in this chapter is that only considering first-order incentives to cooperate within a larger group may not be suffi cient, as subcoalitions display reciprocal behavior despite the incentives to renege. Three related complications are discussed: (a) exploitative behavior is often coordinated in subgroup coalitions, (b) natural within-group resistance to exploitation already exists, and (c) the actions of group members can often only be imperfectly monitored. Given these realities, implications of current research for applied market and institutional design are outlined.
OriginalspracheEnglisch
TitelInvestors and Exploiters in Ecology and Economics: Principles and Applications
Redakteure/-innen L-A. Giraldeau, P. Heeb, and M. Kosfeld
ErscheinungsortCambridge, MA
VerlagMITPress
Seiten171 - 187
ISBN (Print)9780262036122
PublikationsstatusVeröffentlicht - 2017

Österreichische Systematik der Wissenschaftszweige (ÖFOS)

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