political science, sociology, psychology, law and anthropology) is fruitful to explain institutions because it allows us to …

academic career and become prominent. Incentives are transmitted by institutions; it is therefore necessary for economic … methodology to analyse how institutions work and how they may change in the future. An attempt has been made here to look at the …

Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …

powerful institutions to provide the public good and to sanction free-riders. In this mechanism players commit to the public …

of the state is to fund institutions allowing for ongoing technology adoption and hence long-run growth. However … institutions. More money in the hands of the regime fuels conflict over the distribution of the funds - and decreases the incumbent … regime’s time horizon in office. With a shorter time horizon, it is less attractive to finance good institutions whose …

economics, like outcome utility, outcome fairness or intentions. Institutions at the level of society and fair procedures are …