Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 15, 2007 erstellt
Description:
This paper suggests ways in which a marriage between neoclassical and institutional economics can improve our analytical understanding of economic problems as well as empirical testing and estimation relating to economic issues. Theoretical modeling which considers optimizing agents, constrained by institutional rules and affecting constraining institutions by their own behaviour, is a distinct possibility. An empirical framework which incorporates neoclassical maximization subject to institutional constraints is suggested