Exit, collective action and polycentric political systems

Elinor Ostrom and the Bloomington School’s important contributions include the development of the concept of “polycentric” political systems and the demonstration that solutions to common-pool resource problems may be solved voluntarily by rational individuals, even in situations that resemble Prisoners’ Dilemmas. The program, however, pays little attention to how individuals’ ability to exit may affect the interaction in Prisoners’ Dilemma-like...