Arbeitspapier

Institutions as determinants of preference change: one way relation?

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.

Language
Englisch

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

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

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

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Binder, Martin
  • Niederle, Uta-Maria
  • Max Planck Institute of Economics

Time of origin

  • 2006

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