The aim of Kritikos and Bolle [1998] was to analyze the institution of the Indenture Game within today ́s institutional setting. Unfortunately, Holt bases his rejoinder on a historical occurrence with a different institutional context. This explains why his rejoinder is inconsistent.

It is arguable that the instinct for survival in animal species has evolved due to the evolutionary elimination of those individuals who did not have enough inclination nor desire to cluster in a team. Thus, the roots of ethical conduct in its many facets in today’s world, may be sought in this very primeval concern for the society that enabled communities, rather than individuals, to survive i...

In this paper, we evaluate the effects of monetary policy on inflation and unemployment under different institutional arrangements in the labor market. We show that the effects of monetary policy on the real economy depend critically on the wage formation regime, and on the ways in which the restrictiveness of policy interacts with product price competition, wage setting centralization and the ...

Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current institutions the question of what effects alternate arrangements would have becomes evident. This step requir...

We study the relationship between the types of issuer and the governance codes contents in the neo-institutional social theory perspective, using a global sample of over 70 national governance codes. We hypothesize that the code recommendations are influenced by the nature of isomorphic pressure to embrace new social practices, exerted by the different types of issuer. The findings show that co...

There has recently been a growing interest in IS innovation research regarding how institutional influences affect organizations’ adoption decisions under the label “organizational institutionalism”. However, there has been a lack of research regarding institutional influences on individual adopters in non-organizational adoption settings, although institutional theory's foundations apply to de...

The perception of childhood as a period of dependence and innocence has a long history. Being strongly associated with the Romantic Movement of eighteenth-century Europe it resonates with more recent Western theories of child development, ideas about child rearing and policies relating to the care and education of children. The advent of a global society, however, demands that we examine and re...