IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpga/0402005.html
   My bibliography  Save this paper

On the Notion of Social Institutions

Author

Listed:
  • Guilherme Carmona

Abstract

We argue that it is natural to study social institutions within the framework of standard game theory (i.e., only by resorting to concepts like players, actions, strategies, information sets, payoff functions, and stochastic processes describing the moves of nature, which constitute a stochastic game when combined) --- concepts like ``social norms,'' and ``mechanisms'' can be easily accommodated, as well as philosophical/sociological definitions of social institutions Focusing on strategies rather than on mechanisms have two advantages: First, focusing on strategies allows us to distinguish between those aspects that are behavioral in nature and are subject to alternative design, and those that are part of the environment. Second, considering strategies allows for a more detailed look into the way an outcome function is ``genuinely implemented'' (see Hurwicz (1996)).

Suggested Citation

  • Guilherme Carmona, 2004. "On the Notion of Social Institutions," Game Theory and Information 0402005, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpga:0402005
    Note: Type of Document - pdf; prepared on winxp; to print on general; pages: 15; figures: 0. none
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/game/papers/0402/0402005.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Okuno-Fujiwara Masahiro & Postlewaite Andrew, 1995. "Social Norms and Random Matching Games," Games and Economic Behavior, Elsevier, vol. 9(1), pages 79-109, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carmona, Guilherme, 2003. "A Re-Interpretation of the Concept of Nash Equilibrium Based on the Notion of Social Institutions," FEUNL Working Paper Series wp425, Universidade Nova de Lisboa, Faculdade de Economia.
    2. Guilherme Carmona, 2006. "A Strong Anti-Folk Theorem," International Journal of Game Theory, Springer;Game Theory Society, vol. 34(1), pages 131-151, April.
    3. Guilherme Carmona, 2003. "A Re-Interpretation of Nash Equilibrium Based on the Notion of Social Institutions," Game Theory and Information 0311005, University Library of Munich, Germany.

    More about this item

    Keywords

    Social institutions; mechanism design;

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpga:0402005. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.