Abstract
Full instrumental rationality and perfect institutions are two cornerstoneassumptions underlying neoclassical models. However, in the real world, thesetwo assumptions never hold, especially not in developing countries. In thispaper, we develop a game theoretical model to investigate if relaxations inthe full instrumental rationality and perfect institutions premise can explainthe conflicts that have been occurring between the various principals in theNarok district in Kenya with regard to land tenure and use.
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Amman, H.M., Duraiappah, A.K. Modeling Instrumental Rationality, Land Tenure and Conflict Resolution. Computational Economics 18, 251–257 (2001). https://doi.org/10.1023/A:1014811703866
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DOI: https://doi.org/10.1023/A:1014811703866