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Bringing Institutions Into Evolutionary Economics: Another View with Links to Changes in Physical and Social Technologies

Pelikan, Pavel - Ratioinstitutet - 2003

Like Nelson (2002), I make a case for bringing institutions into evolutionary economics. But unlike Nelson, who defines … institutions as social technologies consisting of rules-routines, I define them in agreement with North (1990) as humanly devised … communicating with modern institutional analysis, for clarifying how institutions can influence, and be influenced by, changes in …

Persistent link: https://www.econbiz.de/10005419159

Allocation of Economic Competence in Teams: A Comparative Institutional Analysis

Pelikan, Pavel - Institutet för Näringslivsforskning (IFN) - 1997

's institutions ('rules of the game'). Two stylized institutional variants of market selection and one of government selection are …

Persistent link: https://www.econbiz.de/10005419543

Markets vs. Government when Rationality is Unequally Bounded: Some Consequences of Cognitive Inequalities for Theory and Policy

Pelikan, Pavel - Walter Eucken Institut - 2006

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource...

Persistent link: https://www.econbiz.de/10009226304

Public Choice with Unequally Rational Individuals

Pelikan, Pavel - Walter Eucken Institut - 2007

As governments lack the rationality-promoting selective pressures of market competition, the standard (unbounded) rationality assumption is less legitimate in Public Choice than in analysis of markets. This paper argues that many Public Choice problems require recognizing that human rationality...

Persistent link: https://www.econbiz.de/10009226313