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Building a better micro-foundation for institutional analysis

Published online by Cambridge University Press:  22 December 2005

Elinor Ostrom*
Affiliation:
Workshop in Political Theory and Policy Analysis, Indiana University, Bloomington, IN 47408 http://www.indiana.edu/~workshop
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Abstract

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The target article summarizes important research demonstrating that the canonical model of selfish, economic man is not empirically supported outside competitive settings, and that experimental research conducted in university settings should not be discounted because undergraduates were the subjects. Assuming that individuals are capable of reciprocity and trust provides a firmer foundation for the study of institutions, incentives, and outcomes.

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Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2005