Institutions and their strength

Abstract Institutions can be strong or weak. But what does this mean? Equilibrium theories equate institutions with behavioural regularities. In contrast, rule explicate them in terms of a standard that people are supposed to meet. I propose that, when an institution is weak, discrepancy exists between the regularity and rule. To capture discrepancy, present hybrid theory, Rules-and-Equilibria Theory. According rule-governed The Theory provides basis for two measures institutional strength. First, pertain coordination games solve problems information. Their strength primarily matter expected degree compliance. Second, concern mixed-motive motivation. measured weight attribute its