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Surprising institutions

Lyttkens, Carl Hampus LU (2014) In Essays in contemporary economics p.93-108
Abstract
This paper introduces the notion of surprising institutions. We often carry incorrect beliefs about the world surrounding us and we are often mistaken about the nature of the institutional structure. The case story in this paper shows that an institution may come as a surprise, even though its origins lies some 500 years back, and that the information we receive as feedback on our actions does not necessarily improve our understanding of the institutional structure. It turns out that it is possible for an “ordinary citizen (professor of economics)” to win a case against a multinational corporation and an age-old government agency (what a surprise!), but it also transpires that even if you win, you lose (not quite a surprise).
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
institutions, surprising, beliefs, property rights, mining
in
Essays in contemporary economics
editor
Bitros, George C.; Kyriazis, Nicholas; and
pages
93 - 108
publisher
Springer
ISBN
978-3-319-10043-2
978-3-319-10042-5
language
English
LU publication?
yes
id
9f45f996-8985-48fc-9544-941a59f717fa (old id 4861589)
alternative location
http://link.springer.com/book/10.1007%2F978-3-319-10043-2
date added to LUP
2014-12-16 09:09:30
date last changed
2016-10-07 16:53:48
@inbook{9f45f996-8985-48fc-9544-941a59f717fa,
  abstract     = {This paper introduces the notion of surprising institutions. We often carry incorrect beliefs about the world surrounding us and we are often mistaken about the nature of the institutional structure. The case story in this paper shows that an institution may come as a surprise, even though its origins lies some 500 years back, and that the information we receive as feedback on our actions does not necessarily improve our understanding of the institutional structure. It turns out that it is possible for an “ordinary citizen (professor of economics)” to win a case against a multinational corporation and an age-old government agency (what a surprise!), but it also transpires that even if you win, you lose (not quite a surprise).},
  author       = {Lyttkens, Carl Hampus},
  editor       = {Bitros, George C. and Kyriazis, Nicholas},
  isbn         = {978-3-319-10043-2},
  keyword      = {institutions,surprising,beliefs,property rights,mining},
  language     = {eng},
  pages        = {93--108},
  publisher    = {Springer},
  series       = {Essays in contemporary economics},
  title        = {Surprising institutions},
  year         = {2014},
}