Modeling the institutional matrix: norms, culture, and robust design

Jenna Bednar

Chapter 18 in A Research Agenda for New Institutional Economics, 2018, pp 162-170 from Edward Elgar Publishing

Abstract: An institution’s ability to shape behavior is affected by other institutions that are also active – and the legacy of institutions that preceded it. What North described as an “institutional matrix†is a research domain of nearly untapped potential, but it requires new methodological approaches. In this chapter the author suggests one approach to modeling the connection between institutions, Games +, which considers multiple games simultaneously. Connections between games take shape as behavioral spillovers, the way that people employ familiar behaviors as an initial approach to a novel situation. Using a Games + approach is a tool to provide insight into two fields of institutional research: the relationship between culture and institutional performance, and robust institutional design.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
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