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Title:Institutions as determinants of preference change: one way relation? PDF Logo
Authors:Binder, Martin
Niederle, Uta-Maria
Issue Date:2006
Series/Report no.:Papers on economics and evolution 0607
Abstract:In recent economic literature, there has been an increasing interest in modelling preferences as endogenous. Some arguments go along the lines that institutions shape preferences. This paper suggests that adopting a more substantive concept of preferences furthers our understanding of how they systematically shape institutions. We integrate social-psychological concepts and combine them with an account of learning. Thus, a model of the dynamic interrelation between preferences and institutions can be developed. While institutional change can certainly be partly explained in terms of changing incentives, we offer an approach that goes beyond the standard explanation.
Subjects:endogenous preferences
institutional change
learning
attitudes
wants
social instincts
JEL:O12
D79
Z00
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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