The clan and the corporation: Sustaining cooperation in China and Europe |
| |
| Institution: | 1. University Paris-Dauphine, PSL Research University, 75016 Paris, France;2. Toulouse School of Economics, University of Toulouse Capitole, Toulouse, France;1. University of Geneva, Switzerland;2. Ecole Normale Supérieure de Cachan, CEPII and CREST;1. ICREA Research Professor, Universitat Pompeu Fabra, Barcelona IPEG, Barcelona GSE, Spain;2. New Economic School, Russia;3. Professor of Economics and Political Science, and Gorter Family Professor of Islamic Studies, Duke University, USA;4. Research Scholar, Stanford Center for International Development, Stanford Institute for Economic Policy Research, Stanford University, USA |
| |
| Abstract: | Over the last millennium, the clan and the corporation have been the loci of cooperation in China and Europe respectively. This paper examines – analytically and historically – the cultural and institutional co-evolution that led to this bifurcation. We highlight that groups with which individuals identify are basic units of cooperation. Such loyalty groups influence institutional development because intra-group moral commitment reduces enforcement cost implying a comparative advantage in pursuing collective actions. Loyalty groups perpetuate due to positive feedbacks between morality, institutions, and the implied pattern of cooperation. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
