Surprising institutions
Författare
Redaktör
- George C. Bitros
- Nicholas Kyriazis
Summary, in English
This paper introduces the notion of surprising institutions. We often carry incorrect beliefs about the world surrounding us and we are often mistaken about the nature of the institutional structure. The case story in this paper shows that an institution may come as a surprise, even though its origins lies some 500 years back, and that the information we receive as feedback on our actions does not necessarily improve our understanding of the institutional structure. It turns out that it is possible for an “ordinary citizen (professor of economics)” to win a case against a multinational corporation and an age-old government agency (what a surprise!), but it also transpires that even if you win, you lose (not quite a surprise).
Avdelning/ar
Publiceringsår
2014
Språk
Engelska
Sidor
93-108
Publikation/Tidskrift/Serie
Essays in contemporary economics
Länkar
Dokumenttyp
Del av eller Kapitel i bok
Förlag
Springer
Ämne
- Economics
Nyckelord
- institutions
- surprising
- beliefs
- property rights
- mining
Status
Published
ISBN/ISSN/Övrigt
- ISBN: 978-3-319-10043-2
- ISBN: 978-3-319-10042-5