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The process of development is linked to the rise of an integrated and competitive economy and polity that allow a maximal division of labor and innovation. This process relies on two intertwined dynamics. First, in the establishment of the rule of law, legal instruments are appropriated by those...
Persistent link: https://www.econbiz.de/10010706831
This paper surveys alternative approaches to the emergence and evolution of institutions. The challenge is to develop frameworks capable of capturing both stability and change. We follow a “descaling” approach to show how founding assumptions about economics—namely, alternative assumptions...
Persistent link: https://www.econbiz.de/10011073334
This paper presents a new methodology aimed at building institutional indicators. Up to now, all the available indicators have relied on an analysis of the supply of legal protection. Conversely we propose here a methodology based on the analysis of the demand for legal protection, as it is...
Persistent link: https://www.econbiz.de/10010726833
Questioning about game theory as an institutionalism theory could seem unsound at first glance. In game theory, the very basic concept of players’ strategies is quite individualistic and really independent on any social constraint and other institutional consideration. On another hand, the...
Persistent link: https://www.econbiz.de/10010706585
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Since the eighties, nuclear safety has been discussed in organizational studies and constitutes nowadays a specific stream with several standpoints. Regarding the reliability of nuclear plants, the nuclear safety literature has emphasized on the crucial role of individuals and human factors....
Persistent link: https://www.econbiz.de/10010708423
We study a legislature where decisions are made by playing an agenda-setting game. Legislators are concerned about their electoral prospects but they are also genuinely concerned for the legislature to make the correct decision. We show that when ideological polarization is positive but not too...
Persistent link: https://www.econbiz.de/10010708462
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Persistent link: https://www.econbiz.de/10011072285
This paper proposes an analysis of the emergence and evolution of institutional frameworks. It explains the causes, process, and outcome of institutional evolution. We first describe the institutional framework as a multilevel system at the bottom of which several “local and flexible”...
Persistent link: https://www.econbiz.de/10011074246