Question: As you note, people do not always behave logically or as expected, even when it is in their benefit. We can see many countries limiting

As you note, people do not always behave logically or as expected, even when it is in their benefit. We can see many countries limiting their carbon emissions in order to protect the ozone layer, but many others do not and indeed increase their pollution. Can we expect social bargaining to work in lower stake conditions, not high stakes conditions like pollution?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!