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The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet n
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This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulatio
The Critical Mass in Collective Action
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The problem of collective action is that each group member wants other members to make necessary sacrifices while he or she 'free rides', reaping the benefits o
Rational Choice, Collective Decisions, and Social Welfare
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An examination of the phenomenon of social cooperation failure, even amongst a group of rational individuals.