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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
The standard method when analyzing the problem of cooperation using evolutionary game theory is to assume that people are randomly matched against each other in repeated games. In this paper we discuss the implications of allowing agents to have preferences over possible opponents. We model...
Persistent link: https://www.econbiz.de/10005190588
A review essay on Avner Greif, Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, Cambridge …
Persistent link: https://www.econbiz.de/10005619685
in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled …. Instead in the US, where wage-compressing institutions are weaker, firms invest more in high-skilled workers. We provide …
Persistent link: https://www.econbiz.de/10010267684
reversed) in countries with better institutions and that are more open to international trade and financial flows. These … in countries with worse institutions or that lack trade and financial openness. …
Persistent link: https://www.econbiz.de/10010278277
productivity benefits of digitalisation in euro area countries. For example, a lack of strong institutions and governance …
Persistent link: https://www.econbiz.de/10014565155
whether policy effects vary across countries depending on the level of economic development and whether institutions have an … influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of …
Persistent link: https://www.econbiz.de/10012425684
flux iraient dans des économies structurées dotées d'institutions politiques fortes et crédibles qui permettraient de …'analyser l'influence des institutions, mesurée par la démocratie, la corruption, la stabilité du gouvernement et l'influence de l … institutions de qualité sur les flux d'IDE à long terme, en plus d'autres variables pertinentes telles que l …
Persistent link: https://www.econbiz.de/10013362905
The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other structural changes in the slowdown of the growth rate of output and productivity that has been observed in the United States over the last four decades. In particular, it is...
Persistent link: https://www.econbiz.de/10012610173