The evolution of economic institutions as a propagation process

B-Tier
Journal: Public Choice
Year: 1989
Volume: 62
Issue: 2
Pages: 155-172

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Based on some notions from recent game theoretic approaches to explain the emergence of institutions, a model is put forward which implies some generalizations and extensions. First, the evolution of institutions is interpreted as a diffusion process. This interpretation provides a general formal framework to cover both, the case of strategic and that of non-strategic interaction. Second, different forms of interdependency effects between the individuals involved are identified as making the crucial difference between the case where institutions emerge spontaneously in an unorganized form and the case where they do not. Copyright Kluwer Academic Publishers 1989

Technical Details

RePEc Handle
repec:kap:pubcho:v:62:y:1989:i:2:p:155-172
Journal Field
Public
Author Count
1
Added to Database
2026-01-29