Surprising institutions
Lyttkens, Carl Hampus LU
(2015)
p.103-115
- 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:
https://lup.lub.lu.se/record/6826e08a-bf8b-44f7-a6e1-c9ea7b05e307
- author
- Lyttkens, Carl Hampus
LU
- organization
- publishing date
- 2015-01-01
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- Essays in Contemporary Economics : A Festschrift in Memory of A. D. Karayiannis - A Festschrift in Memory of A. D. Karayiannis
- pages
- 13 pages
- publisher
- Springer
- external identifiers
-
- scopus:84944528430
- ISBN
- 9783319100432
- 9783319100425
- DOI
- 10.1007/978-3-319-10043-2_8
- language
- English
- LU publication?
- yes
- id
- 6826e08a-bf8b-44f7-a6e1-c9ea7b05e307
- date added to LUP
- 2018-10-16 14:08:25
- date last changed
- 2024-01-15 04:10:57
@inbook{6826e08a-bf8b-44f7-a6e1-c9ea7b05e307,
abstract = {{<p>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).</p>}},
author = {{Lyttkens, Carl Hampus}},
booktitle = {{Essays in Contemporary Economics : A Festschrift in Memory of A. D. Karayiannis}},
isbn = {{9783319100432}},
language = {{eng}},
month = {{01}},
pages = {{103--115}},
publisher = {{Springer}},
title = {{Surprising institutions}},
url = {{http://dx.doi.org/10.1007/978-3-319-10043-2_8}},
doi = {{10.1007/978-3-319-10043-2_8}},
year = {{2015}},
}