Institutions as determinants of preference change: one way relation?

Arbeitspapier

In recent economic literature, there has been an increasing interest in modelling preferences as endogenous. Some arguments go along the lines that institutions shape preferences. This paper suggests that adopting a more substantive concept of preferences furthers our understanding of how they systematically shape institutions. We integrate social-psychological concepts and combine them with an account of learning. Thus, a model of the dynamic interrelation between preferences and institutions can be developed. While institutional change can certainly be partly explained in terms of changing incentives, we offer an approach that goes beyond the standard explanation.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Papers on Economics and Evolution ; No. 0607

Classification and Topics

• Classification: Wirtschaft ; Microeconomic Analyses of Economic Development ; Analysis of Collective Decision-Making: Other ; Other Special Topics: General
• Subject: endogenous preferences ; institutional change ; learning ; attitudes ; wants ; social instincts

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Binder, Martin ; Niederle, Uta-Maria
• Event: Veröffentlichung
• (who): Max Planck Institute of Economics
• (where): Jena
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/31863
• Last update: 10.03.2025, 11:46 AM CET