Abstract
This paper analyzes the literature on strategic interactions and proposes several avenues for future research. The consensus that institutions matter does not imply any clear agreement about what constitutes an adequate concept of institutions. The authors consider recent contributions on wage bargaining institutions and central banks in economics and political science from a conceptual point of view, identifying the main differences between sociological individualism and rational-choice individualism.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have