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That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010350951
That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010488545
is inertia or resistance to change. Transition policy needs to account for the bounded rationality and social interaction … insights from the literatures on agency in sustainability transitions, on environmental policy under bounded rationality and …
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