Converting social conflict: Focal points and the evolution of cooperation |
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| Authors: | Peter T Leeson Christopher J Coyne Peter J Boettke |
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| Institution: | (1) Department of Economics, West Virginia University, Morgantown, WV, 26505-6025;(2) Department of Economics, Hampden-Sydney College, Hampden-Sydney, VA, 23493;(3) Department of Economics, MSN 3G4, George Mason University, Fairfax, VA, 22030 |
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| 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.
JEL Code P0 |
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| Keywords: | Focal points Robustness Cooperation Conflict |
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