The Role of Incentives in Co‑operation Failures
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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There are many situations where the best outcome is reached through co-operation and co-ordination of agents’ actions. Although this is the best collective outcome, economic agents may fail to implement such co-operative strategy. The reason for this failure may be lack of information about the gains from co-operation, or lack of capacity to...
