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The paper analyzes the institutional architecture and the effects of product market competition in 11 countries of Central and Eastern Europe (CEE). The aim of the research was to find out how similar or dissimilar are the CEE countries in the area of product market competition compared with the...
Persistent link: https://www.econbiz.de/10012027270
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011316651
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 …
Persistent link: https://www.econbiz.de/10009753456
Persistent link: https://www.econbiz.de/10010355292
Persistent link: https://www.econbiz.de/10014478398
The literature on the growth effects of European integration remains inconclusive. This is due to severe methodological difficulties mostly driven by country heterogeneity. This paper addresses these concerns using the synthetic control method. It constructs counterfactuals for countries that...
Persistent link: https://www.econbiz.de/10012825969
The analytical framework of polycentrism—extensively developed by Elinor and Vincent Ostrom—is one of the most prominent theoretical approaches in political economy. According to this theory, social systems with multiple layers of decision-making and a mix of shared and individual...
Persistent link: https://www.econbiz.de/10012827430
-constitutional action (such as coups) to protect themselves. Restrictions that lower the stakes – that is, countermajoritarian institutions …
Persistent link: https://www.econbiz.de/10014134008
The present paper studies the influence of institutions upon the risk incurred in alternative capital markets, in the …
Persistent link: https://www.econbiz.de/10013122953
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 …
Persistent link: https://www.econbiz.de/10013080474