2013 № 4

Institutions-as-Equilibria vs Institutions-as-Rules

25.12.20131 февраля, 2024Без комментариев


The paper concerns comparison of two interpretations of institutions — as an equilibria, and as a rules. Some internal troubles with first one are analyzed, and detailed logical reconstruction of second one is done. Particularly, different versions of a rule notion are studied, and the typology of enforcement mechanisms is discussed, including issue of enforcers’ incentives. Comparison shows that Institutions-as-Rules conception gives broader opportunities for empirical institutional analysis.

Здесь вставить шорт-код (стрелочка вниз на панели инструментов) с адресом файла

Vitaly L. Tambovtsev — Dr. Sci. (Econ.), Professor, Head of Laboratory of Institutional Analysis, Faculty of Economics, Lomonosov Moscow State University (Moscow, Russian Federation; e-mail: tambovtsev@econ.msu.ru).