Abstract
The article examines the main concepts of modern institutional theory and the ways its tools and concepts could be applied in the real policy-making. In particular, the authors focus on behavioral assumptions of the theory that allow them to explain the imperfection of economic agents’ behavior as a reason for rules and institutions to emerge. Problems of institutional design are also discussed.
Original language | English |
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Pages (from-to) | 63-81 |
Number of pages | 19 |
Journal | Voprosy Ekonomiki |
Volume | 2005 |
Issue number | 12 |
DOIs | |
State | Published - 2005 |
Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2005, Russian Presidental Academy of National Economy and Public Administration. All rights reserved.
Keywords
- Economic institutions
- Neoinstitutional theory
ASJC Scopus subject areas
- Finance
- Economics and Econometrics