Abstract

MORALES SANCHEZ, Mario Alberto. Theoretical notes on the relationship between collective knowledge and institutions. Rev.econ.inst. [online]. 2014, vol.16, n.31, pp.61-79. ISSN 0124-5996.

This paper discusses the role of common knowledge in the formationof stable institutional equilibria and establishes the theoretical bases to analyze its formation and evolution. It takes contributions from Ostrom Elinor and complements them with contributions from institutionalist authors.The questions that I will attempt to answer are the following: what is the importance of common knowledge in shaping stable institutional arrangements? How is common knowledge generated among individuals with different cognitive capacities Whatinstitutional mechanisms allow the emergence and maintenance of common knowledge?

Keywords : institutional structure; incentives; common knowledge.

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