The Concept of Governance is Meaningless in a Scenario Where Cooperative Games Do Not Exist
In scenarios where multi-equilibrium games or coordination games do not exist, the concept of governance is meaningless. The concept of coordination flags encompasses all that we mean by "governance". Without the presence of coordination games or multi-equilibrium games, there is no need for governance to ensure coordination among different actors or entities. https://gyazo.com/d14ccd35a4ac593f69585d86ae5ee639
The absence of multi-equilibrium games means that there are no multiple possible outcomes or strategies for the actors involved. In such scenarios, the concept of governance, which is designed to address coordination challenges and ensure cooperation among actors, becomes irrelevant. Without the need for coordination, there is no need for governance to guide and regulate the behavior of the actors involved.