What will be the result if each selects the best outcome for itself independent of the reaction of the other (the so-called ‘dominant strategy’ for the game)? What will be the result if each...


What will be the result if each selects the best outcome for itself independent of the reaction of the other (the so-called ‘dominant strategy’ for the game)? What will be the result if each individual seeks to negotiate rather than free-ride? If sufferers are more likely to attempt to free-ride, why might it be best to give them property rights and to make the polluter pay?



Dec 29, 2021
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