TY - JOUR
T1 - Coevolution of economic behaviour and instituions: towards a theory of institutional change.
AU - van den Bergh, J.C.J.M.
AU - Stagl, S.
PY - 2003
Y1 - 2003
N2 - Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of institutions in biology, sociology, anthropology and economics. These theories are subsequently compared with non-evolutionary theories of institutions. Next, the insights and approaches are integrated into a framework for analysis of institutions based on the notion of coevolution.
AB - Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of institutions in biology, sociology, anthropology and economics. These theories are subsequently compared with non-evolutionary theories of institutions. Next, the insights and approaches are integrated into a framework for analysis of institutions based on the notion of coevolution.
U2 - 10.1007/s00191-003-0158-8
DO - 10.1007/s00191-003-0158-8
M3 - Article
SN - 0936-9937
VL - 13
SP - 289
EP - 317
JO - Journal of Evolutionary Economics
JF - Journal of Evolutionary Economics
IS - 3
ER -