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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 1
Even though many school zones don't have much traffic and aren't regularly monitored by the police for speed, most drivers are very careful to drive at or below speed limits when near schools. Why might this be the case even in the absence of strong government intervention?
Explanation
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Social norms:
Social norms maintain the...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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