Summary of JOIE article ( First View 26 April 2021) by Katarzyna Bentkowska Warsaw School of Economics, Institute of Markets and Competition, Warsaw, Poland. The full article is available on the JOIE Website. In 2020, countries unexpectedly faced a new challenge—the COVID-19 pandemic—and they had to take countermeasures to address it. The levels of restrictions imposed varied across countries. However, implementing restrictions…
Month: May 2021
Coevolving institutions and the paradox of informal constraints
Summary of JOIE article ( First View 26 January 2021) by Daniel Seligson, Palo Alto, CA, USA, and Anne E. C. McCants, MIT, Cambridge, MA, USA. The full article is available on the JOIE Website, The notion that institutions matter has circulated for millennia. The dynamics of their interaction with the economy has been hinted…