P5: Endogenous institutions
There is now a broad consensus that legal, political and social institutions are essential not only for the wealth of nations, but also for sustainable decision-making. Understanding the emergence of institutions is thus of utmost concern in economics and political science.
This project aims to complement “ideal theorizing” in political philosophy with regard to the emergence of institutions and the mechanism design approach in economics with a perspective on the emergence of institutions within real-world social and political processes.
- To develop new models of institution formation and to test them in the lab.
- To study the assignment of voting weights and decision-making power.
- To explore the robustness and evolution of institutions in changing environments.
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