The concept of designing institutions for collective action often refers to creating governance structures that enable groups to effectively manage shared resources, avoid overuse or depletion (the "tragedy of the commons"), and promote cooperation. This field draws heavily from the work of economist Elinor Ostrom, who won the Nobel Prize in Economics in 2009 for […]
Chris lived in a narrow brick house on the edge of a town that prided itself on its Christmas lights. Every December the streets turned into neon rivers. Blow-mold Santas glowed on every lawn, icicle lights dripped from every eave, and the local power company sent thank-you cards for the overtime.Chris hated it.Not Christmas itself—he […]
