This is a preview of subscription content, log in to check access.
Buy single article
Instant access to the full article PDF.
Price includes VAT for USA
Subscribe to journal
Immediate online access to all issues from 2019. Subscription will auto renew annually.
This is the net price. Taxes to be calculated in checkout.
The best-fit trait may depend on the distribution of traits and the particularities of the mutation process.
Greif (2006) presents this institutional feature in terms of the distinction between a ‘main transaction’ (the one, in the context here, that the biological evolution model will focus on) and ‘auxiliary transactions’ (the one, in the context here, through which individuals impact the welfare of others from taking various actions in the main transaction).
Organizations (social structures) constitute actors that change the set of self-enforcing beliefs and expectations, articulate and disseminate rules, and are engaged in socializing behavior.
Bowles, S., & Gintis, H. (2011). A cooperative species. Human reciprocity and its evolution. Princeton: Princeton University Press.
Greif, A. (1994). Cultural beliefs and the organization of society: A historical and theoretical reflection on collectivist and individual societies. Journal of Political Economy, 102, 912–950.
Greif, A. (2006). Institutions and the path to the modern economy: Lessons from medieval trade. Cambridge: Cambridge University Press.
Güth, W., & Yaari, M. (1992). Explaining reciprocal behavior in simple strategic games: An evolutionary approach. In U. Witt (Ed.), Explaining forces and change: Approaches to evolutionary economics (pp. 23–34). Ann Arbor: University of Michigan Press.
Hodgson, G. M. (2006). What are institutions? Journal of Economic Issues, XL(1), 1–25.
Wilson, E. O. (1975). Sociobiology. Cambridge, MA: Belknap Press, Harvard University Press.
Witt, U. (2006). The evolving economy: Essays on the evolutionary approach to economics. Cheltenham: Edward Elgar.
About this article
Cite this article
Greif, A. Do institutions evolve?. J Bioecon 16, 53–60 (2014). https://doi.org/10.1007/s10818-013-9173-5
- Biological Evolution
- Institutional Change
- Institutional Evolution
- Historical Process
- Mutation Process