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Instituciones y comportamiento macroeconómico (a corto plazo)"

Author

Listed:
  • Shaun P. Hargreaves Heasp

    (Universidad de East Anglia)

Abstract

This paper reviews the growing interest in institutions. It argues that the explanation for this interest is a fresh awareness of how institutions affect economic performance. This connection arises because many economic interactions take the form of one or other of three «classic» games (prisoners'''' dilemma, coordination and chicken) and the outcome in these games (and hence performance of the economy) is influenced by the institutional context of these interactions. The paper provides a detalles illustration of this argument with a survey of the literatura which relates unemployment performances to the institutions of wage settlng in OECD countries.

Suggested Citation

  • Shaun P. Hargreaves Heasp, 1995. "Instituciones y comportamiento macroeconómico (a corto plazo)"," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 31(01-02), pages 320-342.
  • Handle: RePEc:ekz:ekonoz:1995115
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    More about this item

    Keywords

    Instituciones; desempleo; salarios; resultados económicos; teoría de juegos;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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