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Using game theory to explain how institutions arise naturally to manage limited resources

Pelican Press

By Pelican Press,
in World News

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A simple model developed by a RIKEN researcher and a collaborator predicts the emergence of self-organized institutions that manage limited resources such as fisheries or irrigation water. This model provides a window into the mechanism behind the emergence of such institutions. The results are published in PNAS. Fisheries, forests, fresh water and grazing land are just a few examples of limited…

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