Elementary Model Of Institutional Change And Economic Welfare

Oleg Sukharev

Montenegrin Journal of Economics, 2011, vol. 7, issue 2, 55-64

Abstract: The article discussed problems of influence to institutional change, rate its change, for economic systems, wealthy and efficiency. Author are offered and in detail developed the model of institutional change, and discovering the effect of chess-game, to demonstrate, that the speed (rate) and matter of institutional change determination by performance of economic systems to shot time period. This is give possibility do some conclusions to economic policy and the theory of efficiency, which are not coincide to conclusions of mainstream.

Date: 2011
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