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Abstract:
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"The dissertation overviews and elaborates the concept of polycentricity, and applies it to two cases. Spontaneous order plays an important role in many non-market systems. But not all spontaneous orders are productive or sustainable. The concept of polycentricity aims to describe the productive subset of spontaneous orders, including both markets and non-market forms of organization. Broadly speaking, a polycentric system of governance is a collection of heterogeneous decision centers acting independently, but under a common system of rules and/or norms limiting negative externalities and free riding. The role of the overarching set of rules or norms is to assure that the spontaneous order is indeed productive and sustainable."
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