Anmerkungen:
In: Journal of Comparative Economics, Vol. 45, No. 1, 2017
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2017 erstellt
Beschreibung:
Over the last millennium, the clan and the corporation have been the loci of cooperation in China and Europe respectively. This paper examines -- analytically and historically -- the cultural and institutional co-evolution that led to this bifurcation. We highlight that groups with which individuals identify are basic units of cooperation. Such loyalty groups influence institutional development because intra-group moral commitment reduces enforcement cost implying a comparative advantage in pursuing collective actions. Loyalty groups perpetuate due to positive feedbacks between morality, institutions, and the implied pattern of cooperation