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Rational Fools and Cooperation in a Poor Hydraulic Economy

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  • Pranab Bardhan.

Abstract

Local community-level water management is crucial for rural development in the poorest parts of the world, in South Asia and sub-Saharan Africa. Local cooperative institutions have been successful in water management in some cases, but there are numerous cases of failure. The paper draws upon the relevant lessons from the theoretical literature on cooperation in game theory, both in economics and evolutionary biology. Then it goes into the evidence from field studies by anthropologists and others on the conditions for success or failure of local cooperation. This points to some additional insights which the theoretical models are yet too constricted to incorporate.
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Suggested Citation

  • Pranab Bardhan., 1993. "Rational Fools and Cooperation in a Poor Hydraulic Economy," Center for International and Development Economics Research (CIDER) Working Papers C93-015, University of California at Berkeley.
    • Handle: RePEc:ucb:calbcd:c93-015
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    References listed on IDEAS

    as
    1. Bayoumi, Tamim & Eichengreen, Barry, 1994. "Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Economic Journal, Royal Economic Society, vol. 104(425), pages 813-827, July.
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    11. Barry Eichengreen., 1992. "The Political Economy of Fiscal Policy After EMU," Center for International and Development Economics Research (CIDER) Working Papers C92-004, University of California at Berkeley.
    12. Frankel, Jeff & Phillips, Steve & Chinn, Menzie, 1992. "Financial and Currency Integration in the European Monetary System: The Statistical Record," Center for International and Development Economics Research (CIDER) Working Papers 233177, University of California-Berkeley, Department of Economics.
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    16. Barry Eichengreen., 1991. "The Eternal Fiscal Question: Free Trade and Protection in Britain, 1860-1929," Economics Working Papers 91-171, University of California at Berkeley.
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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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