A Theory of Endogenous Institutional Change

@article{Greif2004ATO,
  title={A Theory of Endogenous Institutional Change},
  author={Avner Greif and David D. Laitin},
  journal={American Political Science Review},
  year={2004},
  volume={98},
  pages={633 - 652}
}
This paper asks (a) why and how institutions change, (b) how an institution persists in a changing environment, and (c) how processes that it unleashes lead to its own demise. The paper shows that the game-theoretic notion of self-enforcing equilibrium and the historical institutionalist focus on process are both inadequate to answer these questions. Building on a game-theoretic foundation, but responding to the critique of it by historical institutionalists, the paper introduces the concepts… 
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