Thresholds in institutional spaces
Sergey Pyastolov
MPRA Paper from University Library of Munich, Germany
Abstract:
Threshold effects in behavioral patterns as well as in the public domain seem to be special among peculiar phenomena concentrated in a rather short time period in Russia (e.g. Russian labor market paradoxes). Examples of such changes are chosen among peculiar phenomena concentrated in a rather short time period in Russia (e.g. Russian labor market paradoxes, inertia of the power property system etc.). The observed cases give a possibility to check the validity of the proposed Helical Institutional Development Scheme (HIDS). The paper shows that the HIDS might be regarded not only as a sketch of a decision making model and a pattern for an institutional space. It may show the direction in which the evolutionary theory is developing: from the analysis of situations with the stable certainty (complete and perfect information) to the “stable” uncertainty and then to “unstable uncertainty” cases where peoples’ preferences and beliefs are changing. Within the frameworks of HIDS the paper offers an explanation for the quantum structures in Russian institutional matrixes.
Keywords: Individual Labor Supply Curves; Institutional matrix; Threshold Effects; Institutional Space (search for similar items in EconPapers)
JEL-codes: D01 D83 J22 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43854
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