Dosahování a narušování institucionální rovnováhy v redistribučních systémech

Creation and Violation of Institutional Equilibrium in Redistribution Systems

Petr Wawrosz

Politická ekonomie, 2011, vol. 2011, issue 4, 526-546

Abstract: Institutional economics is one of the most developing fields of economics. However, many its issues still need to be solved. For instance the theory does not give exact answer to why particular institutions (formal and informal norms) occur, change and cease to exist. The paper tries to solve the topic through the model of establishing and disrupting institutional equilibrium in redistribution systems. People live their whole lives in redistribution systems and they can be members of a winning coalition and receive some redistribution or they are out of coalition and the redistribution is made to their detriment. The members of a winning coalition are not, however, automatically guaranteed ongoing membership. So they have interest to establish a structure of institutions (institutional equilibrium) helping them to protect their position. The paper divides redistribution into two kinds: necessary and unnecessary redistribution. The process of creating a winning coalition in a redistribution system is described and it is shown how institutions help to facilitate the process. Then the paper defines the institutional equilibrium (IEQ) and its conditions. They are explained the connections between IEQ and redistribution systems, the conditions when is convenient for some players endeavour to create a equilibrium, the reasons why IEQ does not occur. The theory of institutional change is hereto used - if somebody endeavours to create a IEQ, (s)he also realizes a institutional change.

Keywords: game theory; institutions; coalition; redistribution systems; desirable and undesirable redistribution; institutional equilibrium; institutional change (search for similar items in EconPapers)
JEL-codes: D02 D30 D50 D74 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.18267/j.polek.803

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