Introduction to the symposium on 'the dynamics of institutions in perspectives : alternative conceptions and future challenges'
Title: Introduction to the symposium on 'the dynamics of institutions in perspectives : alternative conceptions and future challenges'
Citation: Journal of economic behavior and organization, 2011, Vol. 79, No. 1-2, pp. 1-2
Understanding emergence and evolution is key to analyze the nature of institutions. Conceiving institutions as equilibria of beliefs allows exploring the role of rationality. Institutions might also be seen as the result of strategies by agents or coalitions. The dynamic of law result from the necessity to adapt to evolving issues. Assessing institutional performance raise the issue of transmission mechanisms.
Published online: 3 March 2011
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