, Volume 70, Issue 2, pp 121-149

Rules and games

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Abstract

This paper reconsiders the relationship between the rules of a game and its outcomes. We develop a notion of rule reform that leads to the selection of Pareto improved equilibria points. We then apply this notion to a series of naturally occurring fishing rules, including examples from Malaysia, India, Brazil, Turkey, and Canada. We show that reforming a game is conceptually akin to reforming an economy.