{"id":"https://openalex.org/W3207394643","doi":null,"title":"Institution-building in a decentralized, market-based economy","display_name":"Institution-building in a decentralized, market-based economy","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3207394643","mag":"3207394643"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:grz:wpaper:2021-10","doi":null,"is_oa":false,"landing_page_url":"https://unipub.uni-graz.at/obvugrveroeff/download/pdf/9637995?originalFilename=true","pdf_url":"https://unipub.uni-graz.at/obvugrveroeff/download/pdf/9637995?originalFilename=true","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086173233","display_name":"Katja Kalkschmied","orcid":"https://orcid.org/0000-0001-8043-9109","observed_orcids":["https://orcid.org/0000-0001-8043-9109"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Katja Kalkschmied","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5008092132","display_name":"J\u00f6rn Kleinert","orcid":"https://orcid.org/0000-0002-1167-9245","observed_orcids":["https://orcid.org/0000-0002-1167-9245"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"J\u00f6rn Kleinert","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-1167-9245","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5004136864","display_name":"Manuela Mahecha-Alzate","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Manuela Mahecha-Alzate","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/institution-building","display_name":"institutional construction","score":0.8519999980926514},{"id":"https://openalex.org/keywords/markets","display_name":"markets","score":0.8199999928474426},{"id":"https://openalex.org/keywords/enterprises","display_name":"business entities","score":0.9900000095367432},{"id":"https://openalex.org/keywords/decentralized-decision-making","display_name":"decentralized decision-making","score":0.6470000147819519},{"id":"https://openalex.org/keywords/market-economy","display_name":"market economy","score":0.6790000200271606},{"id":"https://openalex.org/keywords/government-intervention","display_name":"state intervention","score":0.699999988079071},{"id":"https://openalex.org/keywords/legislation","display_name":"legislation","score":0.7839999794960022},{"id":"https://openalex.org/keywords/role-of-ideas","display_name":"role of ideas","score":0.8149999976158142},{"id":"https://openalex.org/keywords/pragmatics","display_name":"pragmatics","score":0.3630000054836273}],"concepts":[{"id":"https://openalex.org/C2780510313","wikidata":"https://www.wikidata.org/wiki/Q178706","display_name":"Institution","level":2,"score":0.708979606628418},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.6635965704917908},{"id":"https://openalex.org/C48103436","wikidata":"https://www.wikidata.org/wiki/Q599031","display_name":"State (computer science)","level":2,"score":0.5674074292182922},{"id":"https://openalex.org/C27415008","wikidata":"https://www.wikidata.org/wiki/Q7256382","display_name":"Psychological intervention","level":2,"score":0.5490943193435669},{"id":"https://openalex.org/C2777351106","wikidata":"https://www.wikidata.org/wiki/Q49371","display_name":"Legislation","level":2,"score":0.5345970988273621},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5051811337471008},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.42701655626296997},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4075919985771179},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.36171478033065796},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34445101022720337},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.15535807609558105},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1421203315258026},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.07117736339569092},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C118552586","wikidata":"https://www.wikidata.org/wiki/Q7867","display_name":"Psychiatry","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:grz:wpaper:2021-10","doi":null,"is_oa":false,"landing_page_url":"https://unipub.uni-graz.at/obvugrveroeff/download/pdf/9637995?originalFilename=true","pdf_url":"https://unipub.uni-graz.at/obvugrveroeff/download/pdf/9637995?originalFilename=true","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3207394643","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/grz/wpaper/2021-10.html","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},{"id":"pmh:oai:unipub.uni-graz.at:9637995","doi":null,"is_oa":false,"landing_page_url":"https://resolver.obvsg.at/urn:nbn:at:at-ubg:3-21472","pdf_url":null,"source":{"id":"https://openalex.org/S4306400359","display_name":"Unipub UB Graz (Universit\u00e4t Graz)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I15766117","host_organization_name":"University of Graz","host_organization_lineage":["https://openalex.org/I15766117"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Book"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6601999998092651,"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4391853031","https://openalex.org/W7098963805","https://openalex.org/W2409706025","https://openalex.org/W4393327158","https://openalex.org/W2393227902","https://openalex.org/W2942926738","https://openalex.org/W1564568619","https://openalex.org/W7100894415","https://openalex.org/W2436328185","https://openalex.org/W4286621382"],"abstract_inverted_index":{"Institutions":[0],"are":[1,9,49,66,77],"pervasive":[2],"and":[3,15,34,47,52,64,70,102],"occur":[4],"in":[5,11,30,54,110],"many":[6],"shapes.":[7],"They":[8],"embodied":[10],"rules,":[12],"norms,":[13],"organizations":[14],"material":[16],"artifacts":[17],"such":[18],"as":[19],"money.":[20],"In":[21],"this":[22],"paper,":[23],"we":[24],"analyze":[25],"the":[26,83,86,96,118],"most":[27],"important":[28],"institutions":[29,69,75,91],"market":[31],"economies:":[32],"markets":[33,46],"firms.":[35],"We":[36,98,115],"draw":[37],"on":[38],"Aoki":[39],"(2001)\u2019s":[40],"game-theoretic":[41],"approach":[42],"to":[43,125],"formalize":[44],"how":[45,100],"firms":[48,65],"built,":[50],"sustained":[51],"changed":[53],"a":[55,111],"decentralized":[56,87],"manner":[57],"by":[58,82,95],"decisions":[59],"of":[60,79,89,120],"private":[61],"parties.":[62],"Markets":[63],"therefore":[67],"private-order":[68,90,108],"distinctively":[71],"different":[72],"from":[73],"pragmatic":[74],"which":[76],"outcomes":[78],"centralized":[80],"planning":[81],"state.":[84,97],"Yet,":[85],"building":[88],"is":[92],"critically":[93],"influenced":[94],"discuss":[99,117],"legislation":[101],"specific":[103],"state":[104,123],"interventions":[105,124],"can":[106],"direct":[107],"institution-building":[109],"decentralized,":[112],"market-based":[113],"economy.":[114],"further":[116],"role":[119],"ideas":[121],"for":[122],"be":[126],"successful.":[127]},"counts_by_year":[],"updated_date":"2026-10-01T08:54:57.152042","created_date":"2021-10-25T00:00:00"}
