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The Rational Choice Theory of Institutions: Implications for Design

Published 1 January 1995
Randall L. Calvert
Citations25

Abstract

Almost all accounts of policymaking organizations stress two important features. First, the process of policymaking, and the life of any organization, consists of a sequence of similar or related situations in which members of the organization must take actions. Second, the actions they take tend to fall into patterns: they behave in similar ways in similar situations, which is how we recognize a policy, an organization, or an institution in the first place

Keywords

Economics, Econometrics and Finance