search query: @author Buchanan, J. / total: 6
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| Author: | Buchanan, J. |
| Title: | Choosing what to choose |
| Journal: | Journal of Institutional and Theoretical Economics
1994 : MAR, VOL. 150:1, p. 123-135 |
| Index terms: | RATIONALITY ECONOMICS MARKETS |
| Language: | eng |
| Abstract: | In exclusive interactions, persons impose internal constraints that restrict the choice set to those alternatives considered to be attainable within the "rules". Persons do not behave opportunistically whenever the occasion permits. The market process is facilitated by widespread adherence to norms of reciprocation. An example of opportunistic behavior that violates such norms is the deficit financing of modern governments. |
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