This paper proposes a new framework to model institutions and institutional change. It shows how moral agents, who strive to cooperate with others, can form institutions that facilitate cooperation. The framework makes it possible to model informal as well as formal institutions as games played by moral agents: when the quality of the government is low and agents are not willing to use its services they will create informal institutions that allow...
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INFORMATION
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2023/11/08
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Document de travail de recherche sur les politiques
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WPS10600
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1
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2023/11/08
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Disclosed
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Endogenous Institutions and Economic Policy
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