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Converting social conflict: Focal points and the evolution of cooperation

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Author Info

  • Peter Leeson

    ()

  • Christopher Coyne

    ()

  • Peter Boettke

    ()

Abstract

We examine the ability of focal points to transform situations of potential conflict into situations of cooperation. In performing this function, focal points convert “worst-case scenarios” into “better-case scenarios,” which are easier for political economic systems to handle. Focal points thus contribute to the ability of political economies to perform well in the face of less than ideal conditions, enhancing systemic robustness. Copyright Springer Science + Business Media, Inc. 2006

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File URL: http://hdl.handle.net/10.1007/s11138-006-7345-4
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Bibliographic Info

Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 19 (2006)
Issue (Month): 2 (June)
Pages: 137-147

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Handle: RePEc:kap:revaec:v:19:y:2006:i:2:p:137-147

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Web page: http://www.springerlink.com/link.asp?id=100335

Related research

Keywords: Focal points; Robustness; Cooperation; Conflict;

References

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  1. Greif, Avner, 1989. "Reputation and Coalitions in Medieval Trade: Evidence on the Maghribi Traders," The Journal of Economic History, Cambridge University Press, vol. 49(04), pages 857-882, December.
  2. Clay, Karen, 1997. "Trade without Law: Private-Order Institutions in Mexican California," Journal of Law, Economics and Organization, Oxford University Press, vol. 13(1), pages 202-31, April.
  3. Avner Greif, 2002. "Institutions and Impersonal Exchange: From Communal to Individual Responsibility," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(1), pages 168-, March.
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Cited by:
  1. Ambrosino, Angela, 2009. "Institutions as game theory outcomes: toward a cognitive-experimental inquiry," MPRA Paper 42752, University Library of Munich, Germany, revised 2013.
  2. Peter Leeson, 2008. "Coordination without command: Stretching the scope of spontaneous order," Public Choice, Springer, vol. 135(1), pages 67-78, April.
  3. Shaun Hargreaves Heap, 2008. "Social capital and snake oil," The Review of Austrian Economics, Springer, vol. 21(2), pages 199-207, September.

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