Through taxation, the redistributive policy of the welfare state has an important impact on income inequality. Yet it is not capable of making significant corrections to a disproportionate inequality in ‘market’ income, which (i) develops out of the unequal distribution of property and...

This work aims at filling a gap in the cognitive representation of institutions, starting from Aoki’s account of institutions as equilibria in a gametheoretical framework. We propose a formal model to explain what happens when different players hold different representations of the game they...