This paper investigates two different approaches to the analysis of institutions using game theory and discusses their …, how Schotter and Schelling's approaches to the analysis of economic institutions contribute to develop a proper cognitive … method to investigate institutions as the unplanned outcome of self- interested individual behavior? While the game theory …

This paper investigates two different approaches to the analysis of institutions using game theory and discusses their …, how Schotter and Schelling's approaches to the analysis of economic institutions contribute to develop a proper cognitive … method to investigate institutions as the unplanned outcome of self- interested individual behavior? While the game theory …

The paper investigates two different approaches to the analysis of institutions using game theory and discusses their … how game theory has been applied to the analysis of institutions, these being considered, as in Hayek (1967, 1988a) as the … of solutions play an important role in explaining the spontaneous emergence of institutions from interaction. We argue …