On institutions
نویسندگان
چکیده
منابع مشابه
On Institutions and Growth∗
A main development in growth economics in the recent years, has been to point at the fundamental role of institutions in the growth process, although few studies have led so far to precise policy recommendations beyond the general claims about the importance of property right enforcement. This is largely due to the difficulty in de&ning the term institutions. North and Thomas (1973) developed t...
متن کاملA Framework for Institutions Governing Institutions
Norms guide multi-agent systems away from being potentially anarchic towards a coordinated and collaborative society. Institutions provide an explicit, external representation of norms as well as the means to detect violations and other conditions. Each institution can be crafted individually to capture their designers’ goals, but this creates a challenge at higher levels of authority in guidin...
متن کاملThe Impact of Aid on Institutions
This paper proposes that aid flowing to smaller (less populous) countries has a negative impact on the quality of institutions in terms of performance and policy as opposed to that flowing to larger countries, where evidence suggests that the impacts are positive. The analysis here suggests that the level of development, the size of an economy, and the level of aid receipts matter for instituti...
متن کاملOn the Notion of Social Institutions∗
We argue that it is natural to study social institutions within the framework of standard game theory (i.e., only by resorting to concepts like players, actions, strategies, information sets, payoff functions, and stochastic processes describing the moves of nature, which constitute a stochastic game when combined) — concepts like “social norms,” and “mechanisms” can be easily accommodated, as ...
متن کاملThe Perils of Empirical Work on Institutions
Empirical work on the effects of legal institutions on development and economic activity has been spectacularly successful over the past decade, if success is measured by the volume of journal articles and citations. If, in the alternative, success is measured by the extent to which research generates credible estimates of the causal effects of legal institutions on economic activity, this lite...
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ژورنال
عنوان ژورنال: Metodo
سال: 2020
ISSN: 2281-9177
DOI: 10.19079/metodo.8.1.7