The political-economy of water (and other diversions)
Mmmmm... Can you elaborate? Bad governance defined as coordination failure or are we talking of first movers in game theory here? Rosa, your phd classmate
Hey Rosa (long time no talkee!) -- I mean governance in terms of micro fundamentals in an economy: spending too much on the top figure and a "false convergence" in the bottom one... There was no coordination failure in the EU, as there were no proper coordination tools (they freed some constraints without fixing the mechanisms to punish bad policies). Can't see a first mover angle...
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