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This book develops an integrated framework combining institutional and behavioral economics to analyze how formal and informal institutions shape cooperation and conflict in societies. Schmid introduces the “situation–structure–performance” (SSP) model to examine how institutions influence distributions of costs and benefits, human interdependence, and the dynamics of institutional change. The work challenges traditional assumptions of rational choice and static institutions by incorporating bounded rationality, evolving preferences, social norms, and behavioral factors — making it a foundational text for researchers interested in institutional change, social conflict, and the role of human behavior in economic and social systems
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Publisher: Wiley-Blackwell
Publishing Year: 2004
ISBN: 978‑1405113564
Pages: 364