Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

credible and therefore more effective in countries with high-quality institutions; iii) is more credible and therefore more …

draw from John Davis’ (2003) analysis of the individual in posing the questions: what differentiates institutions, and how … can changing institutions be identified through time and space? Our analysis develops Searle’s (2005) argument that … of language. Moreover, language and understanding, surely when related to most institutions in real life, delineate and …

or institutions (Hodgson 1999, 2004). In this article we argue, however, that these recent contributions, from the fields …. We provide a theoretical account of the conditions under which institutions change, and the likely direction of such … institutional settings and practices (Dolfsma 2004). As institutions should be conceptualized to have both structural as well as …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …

institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …