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We study how cooperation-enforcing institutions dynamically affect values and behavior using a lab experiment designed to create individual specific histories of past institutional exposure. We show that the effect of past institutions is mostly due to “indirect” behavioral spillovers:...
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The use of economics to study law was pioneered by the Austrian School of Economics. The nineteenth century founders of … the school believed that economics could contribute to understanding the spontaneous development of common law as well as … contributions to economics and will be an essential reference source for both students and researchers …
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