Summary of JOIE article (25 August 2022) by Emmanouil M. L. Economou, George E. Halkos, and Nicholas C. Kyriazis, Department of Economics, University of Thessaly. The full article is available on the JOIE website. In this paper we present a series of environmental policies that were implemented by the city-state of Athens during the Classical…
Tag: game theory
Coevolving institutions and the paradox of informal constraints
Summary of JOIE article ( First View 26 January 2021) by Daniel Seligson, Palo Alto, CA, USA, and Anne E. C. McCants, MIT, Cambridge, MA, USA. The full article is available on the JOIE Website, The notion that institutions matter has circulated for millennia. The dynamics of their interaction with the economy has been hinted…