Institutional Transition and the Problem of Credible Commitment

This paper explores the problem of credible commitment that public officials face with regard to institutional reform. Doug North points out that while economies grow as a result of the provision of governance, I argue that creating an entity with a geographic monopoly simultaneously limits the problem of private predation while creating the problem of public predation. In societies where predation is common, tying the rulers hands proves to be a difficult task

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Year of publication:	2012
Authors:	Boettke, Peter J.
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Glaubwürdigkeit \| Credibility \| Systemtransformation \| Economic transition \| Neue Institutionenökonomik \| New institutional economics \| Institutioneller Wandel \| Institutional change

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: THE ANNUAL PROCEEDINGS OF THE WEALTH AND WELL-BEING OF NATIONS, p. 41, Emily Chamlee-Wright, ed., Beloit College Press, 2011 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2011 erstellt
Classification:	B25 - Historical; Institutional; Evolutionary; Austrian ; B52 - Institutional; Evolutionary ; B53 - Austrian ; D02 - Institutions: Design, Formation, and Operations ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013113030