1st Edition

Evolution and Design of Institutions

240 Pages
by Routledge

228 Pages
by Routledge

240 Pages
by Routledge

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... Read more
1. Designed Institutions Influence Preferences and Behavior 2. Emergence and Change of Designed Institutions 3. Evaluating Designed Institutions

Biography

Christian Schubert is Research Associate at the Max-Planck-Institute of Economics, Jena, Germany.

Georg von Wangenheim is Professor of Law and Economics, University of Kassel, Germany.