The Regulatory Span of (Formal) Institutions: Essay Inspired by Klammer & Scorsone (2022)

Wilfred Dolfsma*

*Corresponding author for this work

Research output: Contribution to journalComment/Letter to the editorAcademic

Abstract

Formal institutions, most prominently laws, impact society and also the economy by changing actors’ behavior. How that impact can be conceptualized is in need of more elaboration. Klammer & Scorsone’s (2022) recent publication opens avenues on how to understand the ways in which institutions can over-instruct, under-instruct and ambiguously instruct the behavior of actors. Sources of and direction for institutional change can then be better understood.

Original languageEnglish
Pages (from-to)1355-1359
Number of pages5
JournalJournal of Economic Issues
Volume57
Issue number4
DOIs
Publication statusPublished - Dec 2023

Keywords

  • formal institutions
  • informal institutions
  • institutional change
  • institutional entrepreneurship
  • institutions
  • law

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