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Evolution and Design of Institutions

by Christian Schubert
Publisher: Routledge
Release Date: 2006-09-27
Genre: Business & Economics
Pages: 176 pages
ISBN 13: 0877882487
ISBN 10: 9780877882480
Format: PDF, ePUB, MOBI, Audiobooks, Kindle

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Synopsis : Evolution and Design of Institutions written by Christian Schubert, published by Routledge which was released on 2006-09-27. Download Evolution and Design of Institutions Books now! Available in PDF, EPUB, Mobi Format. In her view, the rules governing a common pool resource (and any other social interaction) are too complex to be optimized by one-step design. Designing institutions is thus always experimenting by tinkering on ... -- This book comprises nine papers approaching designed institutions and their interplay with spontaneous institutions from various angles. While the evolution of spontaneous institutions is quite well understood in economic thinking, the development of consciously designed institutions has been examined much less. In new institutional economics, public choice, and law and economics the interaction between changing preferences and spontaneously evolving institutions on the one hand and the evolution of designed institutions (as, e.g., legal systems) on the other hand has largely been ignored. A number of top class international contributors have been assembled to study this phenomenon including Viktor Vanberg, Bruno Frey, Elinor Ostrom and Francesco Parisi.

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