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Paola Palminiello

A Reply to Comments

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Abstract

The essay replies to the comments by Daniel Little, Antonino Palumbo and Thomas Prosser on the author's essay "An Attempt to Provide a Non-circular Explanation of Economic Reforms. Elements for a New Individualistic Theory of Institutional Change", lingering over rational-choice explanations of institutional change and the thesis that institutions are structures of power that can make some groups' situation worse than it was without institutions.

Keywords

  • Rational-choice Explanations
  • Two-level Bargaining Game
  • Bargaining
  • Thomas Schelling
  • Exercise of Power

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