Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal … decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions …

. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences … suggests that laws and institutions such as product market regulations, unions and more coordinated wage-setting systems are …

EU policy. Today, the EU's network of economic and social councils and similar institutions is a recognised institutional … set-up which is consulted and listened to by the main EU institutions.(...)The present publication is an integral part of …