Substitutable Protections: Credible Commitment Devices and Socioeconomic Insulation

In: Political research quarterly: PRQ ; official journal of the Western Political Science Association and other associations, Band 63, Heft 1, S. 115-128

Abstract

Scholars have argued that credible commitment institutions have important impacts on political outcomes as diverse as economic growth and social order. If commitment institutions function as theorized, then their effects should vary across individuals, groups, or states, based on their respective vulnerability to promise breaking. Yet existing empirical studies never pursue this implication. The failure to do so risks a number of inferential errors and can lead to suboptimal policy prescriptions for institutional reform. In this article, the authors develop and provide empirical evidence for these claims within the context of a commitment problem that scholars believe undermines social order. Adapted from the source document.