Institutionalism as a Methodology
In: Journal of Theoretical Politics, Band 15, Heft 2, S. 123-144
We provide a definition of institutionalism & a schematic account that differentiates between institutional theories (in which institutions are exogenous) & theories of institutions, in which some (but not necessarily all) institutions are endogenous. Our primary argument is that institutionalism in the contemporary context is better characterized as a method than as a body of substantive work motivated by the so-called chaos problem. Secondary arguments include the following. (1) While it is important to differentiate sharply between institutions & behavior, institutionalism presupposes a well-defined behavioral concept. (2) When making the challenging transition from developing institutional theories to developing theories of institutions, it is essential to hold behavioral axioms fixed & to choose a form of equilibrium that exists for the class of games studied. (3) For most research programs today, a form of Nash equilibrium has the requisite properties while the core, & structure-induced equilibria (SIE) that rely on the core, often lack the requisite properties. 2 Figures, 38 References. [Copyright 2003 Sage Publications Ltd.]