What are institutions¶
Hodgson, G. M. (2006). What are institutions. Journal of Economic Issues, 40(1), 1-25.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Institution
- An institution compresses an open-ended space of possible actions into a small set of expected, sanctioned moves, so participants need not renegotiate behavior from scratch each time they interact.
This sourceDefines institutions as systems of established and prevalent social rules that structure social interactions and thereby create stable expectations.
- An institution compresses an open-ended space of possible actions into a small set of expected, sanctioned moves, so participants need not renegotiate behavior from scratch each time they interact.
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:bbfbeb882b51 · see in the full table