Economics Dictionary of ArgumentsHome
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| Institutions: Institutions are social structures that organize and guide human behavior. They can be formal or informal, and they can be public or private._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Oliver E. Williamson on Institutions - Dictionary of Arguments
Brocker I 729 Institutions/Institutional Economics/Williamson, Oliver: Williamson Thesis (1): the behavioral assumptions of limited rationality and the mutual expectation of opportunistic behavior of the individual shape the decision-making situation ((s) context: in the prisoner's dilemma, the theory assumes that rational participants decide against cooperation). >Prisoner's dilemma. Ostrom: In addition, Ostrom also takes into account the importance of context, time horizon and behavioural norms for individual decisions as a group's social capital.(2) >Group behavior. 1. Oliver E. Williamson, Die ökonomischen Institutionen des Kapitalismus. Unternehmen, Märkte, Kooperationen, Tübingen 1990 2. Elinor Ostrom, Governing the Commons. The Evolution of Institutions for Collective Action, Cambridge 1990. Dt.: Elinor Ostrom, Die Verfassung der Allmende. Jenseits von Staat und Merkt, Tübingen 1999. Markus Hanisch, „Elinor Ostrom Die Verfassung der Allmende“, in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconWillO Oliver E. Williamson Peak-load pricing and optimal capacity under indivisibility constraints 1966 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |
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> Counter arguments against Williamson
> Counter arguments in relation to Institutions
