From Market Studies to Society Analysis

Ya. Kouzminov, K. Bendoukidze and M. Yudkevich

Voprosy Ekonomiki, 2005, issue 12

Abstract: The article examines the main concepts of modern institutional theory and the ways its tools and concepts could be applied in the real policy-making. In particular, the authors focus on behavioral assumptions of the theory that allow them to explain the imperfection of economic agents’ behavior as a reason for rules and institutions to emerge. Problems of institutional design are also discussed.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2005:id:1541

DOI: 10.32609/0042-8736-2005-12-63-81

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