Arbeitspapier

Towards Behavioral Political Economy of Institutional Change: With Field Facts from China

This study proposes an analytical framework towards behavioral political economy of institutional change. It considers institutional changes as central government's choices under uncertainty, which are largely driven by the strategic outcomes in a behavioral coordination game between local officials and private businessmen. With field facts in China, this study suggests that institutional changes begin with pro-competition policies, then a better protection of property rights, followed by a possible standstill or even worse rule of law.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 4956

Classification
Wirtschaft
Analysis of Collective Decision-Making: General
Institutions and Growth
Socialist Systems and Transitional Economies: Political Economy; Property Rights
Subject
behavioral economics
China
institutional change
political economy

Event
Geistige Schöpfung
(who)
Zhang, Yongjing
Wang, Mei
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2014

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Zhang, Yongjing
  • Wang, Mei
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2014

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