In political and economic literature, institutions include formal groups (eg the Civil Service, the Church of England, the monarchy) but also the overall “rules of the game” (eg to what extent politicians are comfortable accepting bribes/gifts/political donations in exchange for political influence). These rules affect the people “playing the game” eg lobbyists and politicians, but they’re also created by them.
Relevant for
EAs working on politics, lobbying or institutional change.
Endogenous institutions
In political and economic literature, institutions include formal groups (eg the Civil Service, the Church of England, the monarchy) but also the overall “rules of the game” (eg to what extent politicians are comfortable accepting bribes/gifts/political donations in exchange for political influence). These rules affect the people “playing the game” eg lobbyists and politicians, but they’re also created by them.
Relevant for
EAs working on politics, lobbying or institutional change.