Organizational Equilibria and Institutional Stability

Pagano, Ugo

doi:10.2139/ssrn.934254

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Organizational Equilibria and Institutional Stability

41 Pages Posted: 3 Oct 2006

See all articles by Ugo Pagano

Ugo Pagano

University of Siena - Department of Economics

Date Written: 1992

Abstract

We argue that New Institutional theory and Radical theory can be integrated into a single theoretical framework where the characteristics of technology and property rights influence each other generating multiple, and institutionally stable, Organizational Equilibria. This framework can be applied to the analysis of the varieties of capitalism, which have emerged after the Second World War as a result of strong political shocks.

Keywords: Institutions, Varieties of Capitalism, Organizational Equilibria

JEL Classification: L20, M20, P10, P50

Suggested Citation: Suggested Citation

Pagano, Ugo, Organizational Equilibria and Institutional Stability (1992). Available at SSRN: https://ssrn.com/abstract=934254 or http://dx.doi.org/10.2139/ssrn.934254