Artikel
Institutional reform paths
This paper develops a dynamic population game in which agents play a simple anonymous‐exchange game of cooperating or defecting. Agents switch to the strategy with a higher expected payoff. Reformers can affect the payoff structure of the stage game to maximize the number of cooperators in the population by either enacting legal reform (institutional quality of contract law) or focusing on the macro outlook of the economy. Based on the theoretical model, the paper predicts which types the reformer should enact first and under which conditions reform will not be successful.
- Language
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Englisch
- Bibliographic citation
-
Journal: Economics & Politics ; ISSN: 1468-0343 ; Volume: 35 ; Year: 2023 ; Issue: 3 ; Pages: 1099-1121 ; Hoboken, NJ: Wiley
- Classification
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Wirtschaft
- Subject
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macroeconomic political economy
microfoundations of political economy
property rights
reform/stabilization
social choice
- Event
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Geistige Schöpfung
- (who)
-
Buchen, Clemens
- Event
-
Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
-
2023
- DOI
-
doi:10.1111/ecpo.12252
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Buchen, Clemens
- Wiley
Time of origin
- 2023
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