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However, true cooperation often forms organically without external enforcement.
Early in colony development, cooperation can occur without external enforcement.
Similar(58)
The only way out then is to rely on contracts that are self-enforcing, in other words, create incentives so that entrepreneurs want to repay on their own without requiring any external enforcement.
The problem is that there's no external enforcement mechanism for this system.
Informal groups cannot rely on external enforcement to insure that members abide by their obligations.
It is demonstrated that, in fact, monetary equilibrium breaks down in the absence of adequate enforcement institutions and it collapses as societies that lack external enforcement grow large.
Together, such measures have the effect of preserving the existing system, in which the public must simply trust that law enforcement will properly resolve any issues without external oversight.
Dr. Maloney wants people to stop smoking without external aids.
But she said that without external pressure, the logjam was unlikely to be broken.
Without external directors, no such transaction could take place.
The manuscript was prepared without external funding.
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