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- W2380924493 abstract "The purpose of this paper is to analyze the institutional competition among jurisdictions as interplay of formal and informal institutions (as norms of perception of norms). It distinguishes between a short-term and a long-term perspective of study. In the short term institutional competition shifts the market power on the market for institutions from the public authority to the individuals and corporations. Therefore informal institutions governing the perception of norms determine the results of the competition. In the long term informal institutions evolve; intergovernmental political competition and sociocultural evolution support creation of more efficient institutions, but effects of institutional pseudomorphism can effectively block this process. The normative conclusion of this paper is that institutional competition is efficient only if there is no deficit of vertical trust between the society and the government and informal institutions support efficiency-based behavior. Thus the application of institutional competition in transition and developing economies is limited. The experience of the post-Soviet space (the CIS) is used in order to prove the hypothesis formulated in this paper." @default.
- W2380924493 created "2016-06-24" @default.
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- W2380924493 date "2005-01-01" @default.
- W2380924493 modified "2023-09-23" @default.
- W2380924493 title "Institutional Competition and Evolution of Perception of Norms" @default.
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