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The analysis of how institutions are formed, how they operate and change, and how they influence behavior in society has become a major subject of inquiry in politics, sociology, and economics. A leader in applying game theory to the understanding of institutional analysis, Elinor Ostrom provides in this book a coherent method for undertaking the analysis of diverse economic, political, and social institutions. Understanding Institutional Diversity explains the Institutional Analysis and Development (IAD) framework, which enables a scholar to choose the most relevant level of interaction for a particular question. This framework examines the arena within which interactions occur, the rules employed by participants to order relationships, the attributes of a biophysical world that structures and is structured by interactions, and the attributes of a community in which a particular arena is placed. The book explains and illustrates how to use the IAD in the context of both field and experimental studies. Concentrating primarily on the rules aspect of the IAD framework, it provides empirical evidence about the diversity of rules, the calculation process used by participants in changing rules, and the design principles that characterize robust, self-organized resource governance institutions.

The analysis of how institutions are formed, how they operate and change, and how they influence behavior in society has become a major subject of inquiry in politics, sociology, and economics. A leader in applying game theory to the understanding of institutional analysis, Elinor Ostrom provides in this book a coherent method for undertaking the analysis of diverse economic, political, and social institutions. Understanding Institutional Diversity explains the Institutional Analysis and Development (IAD) framework, which enables a scholar to choose the most relevant level of interaction fo

The analysis of how institutions are formed, how they operate and change, and how they influence behavior in society has become a major subject of inquiry in politics, sociology, and economics. A leader in applying game theory to the understanding of institutional analysis, Elinor Ostrom provides in this book a coherent method for undertaking the analysis of diverse economic, political, and social institutions. Understanding Institutional Diversity explains the Institutional Analysis and Development (IAD) framework, which enables a scholar to choose the most relevant level of interaction for a.

Diversity sustains an ecosystem when the environment changes, and a diversity of human institutions improves the ability of cultures to adapt to change and survive. Because it is not always clear which of several potential policies will be the optimal solution for a given situation, preserving a mix of policies often performs better than insisting on a single policy. The survival of Chinese civilization for millennia is a consequence of how this huge, economically vibrant nation perceives itself and its global role. To understand the dynamics of institutional diversity and their consequences during China's long history, it's helpful to understand the meaning of the Chinese lóng (dragon) symbol and its impacts on China's socioeconomic development. In contrast with evil western dragons, lóng symbolize harmony through the ability to incorporate a range of ideas, resulting in increased institutional diversity. This diversity has helped Chinese civilization survive many historical crises, and is now sustaining China's socioeconomic development by promoting a robust, resilient, adaptable, and harmonious system that encourages culture and trade. The acceptance and conservation of institutional diversity will undoubtedly continue to sustain China by encouraging peaceful exchanges among cultures that reduce conflict and by teaching new ways to handle evolving situations.