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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
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    References listed on IDEAS

    as
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    6. 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.
    7. 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.
    Full references (including those not matched with items on IDEAS)

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    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

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