Abstract
This chapter and Chap. 10 are different from Chap. 7 in that we will look specifically at the impact of institution structure on institution effect rather than the impact of institution component performance on institution effect. Hence, apart from using the Sun Diagram to illustrate the structure of various institution types, we will also analyze individual effort equilibrium levels with the help of mathematical models. The key objective of this type of analysis is to compare individual effort levels in various institutions with precision so that we can identify the factors that affect effort levels, and understand their respective effects. At the same time, we will also analyze certain institutions tweaked to regulate individual effort levels in order to yield certain principles of this process. These analyses will allow us to better understand the impact of institution structure on individual effort levels and provide us with specific tips on how to improve various institution designs.
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© 2016 Science Press, Beijing and Springer Science+Business Media Singapore
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Sun, S. (2016). Task Sharing Institutions. In: Five Basic Institution Structures and Institutional Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-0344-8_9
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DOI: https://doi.org/10.1007/978-981-10-0344-8_9
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Online ISBN: 978-981-10-0344-8
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