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about economics—namely, alternative assumptions about individual rationality and the role of social efficiency—influence our …, institutions are viewed as rules imposed on individuals and the focus is on the strategic games among coalitions that aim to … promote or block new rules. In the second, institutions are viewed as shared beliefs; here the idea is to analyze how …
Persistent link: https://www.econbiz.de/10011048228
Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in … susceptible to conflicts in dynamic environments. In contrast, because under the SES societal rules are enforced through a formal … and rules. …
Persistent link: https://www.econbiz.de/10011524872
analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over … resist reforms, policies, rules and laws. China’s reform trajectories have been shaped by regional decentralization …
Persistent link: https://www.econbiz.de/10008468688
-level financial data with a large survey administered to company managers. We use a general equilibrium model and a new econometric …
Persistent link: https://www.econbiz.de/10012900823
benefits. This paper adapts the Djankov et al. (2003) model of comparative social costs associated with any institution to …
Persistent link: https://www.econbiz.de/10013028074
crucial in determining the system of rules and incentives for earning money. The institutional conditions of the labour market …
Persistent link: https://www.econbiz.de/10012419194
The decrease in the rule of law and in control of corruption in several EU countries is a threat to the cohesion in the EU. Brexit has reinforced the centrifugal forces in the EU. To counter this threat the EU needs to engage in unpopular measures as they infringe on the Member States'...
Persistent link: https://www.econbiz.de/10011516715
Institutional change explains the change of institutions considered as rules and expectations that govern human … important definitions of institution and of institutional change and shows some theories that analyze these critical topics in …
Persistent link: https://www.econbiz.de/10012894942
The paper presents a summary of the forthcoming book by the authors and discusses the sample study of the 9 developing countries. While admitting the non-linearity of economic development they claim that the developing countries make a transition from the limited access orders (where the...
Persistent link: https://www.econbiz.de/10010663950
Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in … susceptible to conflicts in dynamic environments. In contrast, because under the SES societal rules are enforced through a formal … and rules. …
Persistent link: https://www.econbiz.de/10011496162