Institutions and Functions

Francesco Guala, Frank Hindriks

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Abstract

What is an institution? And what distinguishes one type of institution from another? We answer these questions using a functionalist approach: types of institutions are identified by their function, or the coordination problems they solve; token institutions are specific solutions to these problems, or equilibria of strategic games. The functionalist approach provides some insights into the limits of reform, or the extent to which institutions – like marriage, property, or democracy – can be modified without turning them into entities of a different kind.
Original languageEnglish
Title of host publicationInstitutions in Action
Subtitle of host publicationThe Nature and the Role of Institutions in the Real World
EditorsTiziana Andina, Petar Bojanic
PublisherSpringer
Pages9-19
Number of pages11
ISBN (Electronic)978-3-030-32618-0
ISBN (Print)978-3-030-32617-3
DOIs
Publication statusPublished - 2020

Publication series

NameStudies in the Philosophy of Sociality

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