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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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for economic theory. This paper argues that they will only become an essential part of economics if they are embedded into … a fully-fledged institutional and evolutionary paradigm. I develop a Neo-Veblenian theory of the individual that starts …
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Although it is common in economics to compare institutions on the basis of single dimensional measures of concepts such as efficiency, fairness or freedom, Allan Schmid's Conflict and Cooperation: Institutional and Behavioral Economics rejects that approach with a sharply contrasting vision of...
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