What are institutions

Hodgson, G. M. (2006). What are institutions. Journal of Economic Issues, 40(1), 1-25.

Type

Journal article

Intellectual base

Primary research

Year

2006

Volume

40

Issue

1

Pages

1-25

DOI registrant

Taylor & Francis

Link

https://doi.org/10.1080/00213624.2006.11506879matched

Cited from

sociology_anthropology

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.

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