IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/117861.html
   My bibliography  Save this paper

La naturaleza de las instituciones. El debate actual
[The nature of institutions. The current debate]

Author

Listed:
  • Guzmán, Gabriel
  • Frasser, Cristian

Abstract

This article discusses the ontology of institutions and criticizes the idea that institutions are made up solely of individual incentives and actions. It is also argued that institutions are not only constituted by the actions of individuals, and that they have their own ontology, rule-based and linguistic. Various approaches to the subject are compared and two outstanding lines of research in the literature are presented: the attempt to construct a unified theory of institutions and a proposal to include constitutive rules in game theory.

Suggested Citation

  • Guzmán, Gabriel & Frasser, Cristian, 2017. "La naturaleza de las instituciones. El debate actual [The nature of institutions. The current debate]," MPRA Paper 117861, University Library of Munich, Germany, revised 01 Jun 2017.
    • Handle: RePEc:pra:mprapa:117861
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/117861/1/La%20naturaleza%20de%20las%20instituciones_VF.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aumann, Robert J, 1987. "Correlated Equilibrium as an Expression of Bayesian Rationality," Econometrica, Econometric Society, vol. 55(1), pages 1-18, January.
    2. Cyril Hédoin, 2015. "Accounting for constitutive rules in game theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 22(4), pages 439-461, December.
    3. Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
    4. Hindriks, Frank & Guala, Francesco, 2015. "Institutions, rules, and equilibria: a unified theory," Journal of Institutional Economics, Cambridge University Press, vol. 11(3), pages 459-480, September.
    5. Smit, J. P. & Buekens, Filip & du Plessis, Stan, 2011. "What Is Money? An Alternative To Searle'S Institutional Facts," Economics and Philosophy, Cambridge University Press, vol. 27(1), pages 1-22, March.
    6. ., 2003. "Subjectivism in Economics - A Suggested Reorientation," Chapters, in: The Evolving Economy, chapter 17, pages 331-353, Edward Elgar Publishing.
    7. Katarina Juselius, 2011. "Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(2), pages 423-436.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guzmán, Gabriel & Frasser, Cristian, 2017. "Rules, Incentivization and the Ontology of Human Society," MPRA Paper 117908, University Library of Munich, Germany.
    2. Cyril Hédoin, 2016. "Community-Based Reasoning in Games: Salience, Rule-Following, and Counterfactuals," Games, MDPI, vol. 7(4), pages 1-17, November.
    3. Cyril Hédoin & Lauren Larrouy, 2016. "Game Theory, Institutions and the Schelling-Bacharach Principle: Toward an Empirical Social Ontology," GREDEG Working Papers 2016-21, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Segal, Uzi & Sobel, Joel, 2007. "Tit for tat: Foundations of preferences for reciprocity in strategic settings," Journal of Economic Theory, Elsevier, vol. 136(1), pages 197-216, September.
    5. Carsten Herrmann-Pillath, 2017. "Institutional naturalism: reflections on Masahiko Aoki’s contribution to institutional economics," Evolutionary and Institutional Economics Review, Springer, vol. 14(2), pages 501-522, December.
    6. Edward Cartwright & Myrna Wooders, 2008. "Behavioral Properties of Correlated Equilibrium; Social Group Structures with Conformity and Stereotyping," Vanderbilt University Department of Economics Working Papers 0814, Vanderbilt University Department of Economics.
    7. D'Andrea, Sara & Vassalli, Federica, 2022. "The Uncertainty of Fairness: a Game Theory Analysis for a Debt Mutualization Scheme in the Euro Area," MPRA Paper 114690, University Library of Munich, Germany.
    8. Jennifer A. Loughmiller-Cardinal & James Scott Cardinal, 2023. "The Behavior of Information: A Reconsideration of Social Norms," Societies, MDPI, vol. 13(5), pages 1-27, April.
    9. Iñarra García, María Elena & Laruelle, Annick & Zuazo Garín, Peio, 2012. "Games with perceptions," IKERLANAK 9099, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    10. Claudius Graebner & Amineh Ghorbani, 2019. "Defining institutions - A review and a synthesis," ICAE Working Papers 89, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    11. Engelhardt, Sebastian v. & Freytag, Andreas, 2013. "Institutions, culture, and open source," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 90-110.
    12. John Geanakoplos, 1993. "Common Knowledge," Cowles Foundation Discussion Papers 1062, Cowles Foundation for Research in Economics, Yale University.
    13. Ellingsen, Tore & Johannesson, Magnus, 2009. "Time is not money," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 96-102, October.
    14. Anne Corcos & Yorgos Rizopoulos, 2011. "Is prosocial behavior egocentric? The “invisible hand” of emotions," Post-Print halshs-01968213, HAL.
    15. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2009. "Homo Reciprocans: Survey Evidence on Behavioural Outcomes," Economic Journal, Royal Economic Society, vol. 119(536), pages 592-612, March.
    16. Adrian Bruhin & Ernst Fehr & Daniel Schunk, 2019. "The many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences," Journal of the European Economic Association, European Economic Association, vol. 17(4), pages 1025-1069.
    17. Vollmer Uwe, 2004. "Streissler, E.W. (Hrsg.), Studien zur Entwicklung der ökonomischen Theorie XIX," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(6), pages 758-759, December.
    18. Emin Karagözoğlu & Elif Tosun, 2022. "Endogenous Game Choice and Giving Behavior in Distribution Games," Games, MDPI, vol. 13(6), pages 1-32, November.
    19. Astrid Dannenberg & Carlo Gallier, 2020. "The choice of institutions to solve cooperation problems: a survey of experimental research," Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 716-749, September.
    20. Maida, Agata & Pezone, Vincenzo, 2024. "CEO Pay Disclosure and Within-Firm Wage Inequality," IZA Discussion Papers 17243, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Ontology; institutions; Searle.;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:117861. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.