INSTITUTIONS

Question 1

WHAT ARE INSTITUTIONS?

Answer 1

Set of rules->not all written
Humanly devised constraints to structure pol, ec, soc interaction
Dynamic
Provides rules to pols

Question 2

WHY DO WE NEED THEM?

Answer 2

To constrain behavior->state=ultimate institution
Increase predictability and certainty
Reduce transaction costs
Cooperation and order->by increasing info, enhancing leg liability and raising reputational stakes for reneging on agreements

Question 3

DIFFERENCE BETWEEN STATE AND GOVERNMENT?

Answer 3

State=national boundaries->territory->nation or country

Government=group of pp w/ authority to govern pp in the territory

Question 4

FORMAL AND INFORMAL INSTITUTIONS

Answer 4

> Formal:-written-easily ID->constitution, etc
Informal:-norms-traditions
Evidence suggests the interaction bet 2 exercises pow better->I usually more powe—>can shape F—>improves efficiency—>can also bring inefficiency.
Types Informal:-convergent-divergent