Cognitive Inertia as a Fundamental Cause of Institutional Inertia

Ali Hussein Samadi (), Alireza Raanaei and Mojtaba Panahi
Additional contact information
Ali Hussein Samadi: Shiraz University
Alireza Raanaei: Shiraz University
Mojtaba Panahi: Shiraz University

A chapter in Institutional Inertia, 2024, pp 155-172 from Springer

Abstract: Abstract Various reasons have been stated to explain the formation of institutional inertia. The best factor to explain this phenomenon is the factor that plays a unique role in the formation and development of institutions. Based on this, cognitive factors can be considered the basic factors of creating institutions at the fundamental level. However, in the institutional economics literature, less attention has been paid to these factors. According to the relationship between the institution and cognitive factors, it may be argued that cognitive inertia is the cause of the formation of institutional inertia. Therefore, cognitive factors can be seen as the most important formation of institutions. The main idea of this chapter is based on the synthesis of institutional economics and behavioral economics. Therefore, in this chapter, the question of how cognitive inertia leads to institutional inertia is studied.

Keywords: Inertia; Institutional inertia; Cognitive inertia (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-51175-2_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031511752

DOI: 10.1007/978-3-031-51175-2_7

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().