#institutional-economics News & Analysis

2 articles tagged with #institutional-economics. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles

AINeutralarXiv – CS AI · Jun 16/10

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Social welfare optimisation under institutional reward and punishment

Researchers develop a welfare-centric framework for designing institutional incentives in multi-agent systems, revealing that schemes optimized for cost-efficiency or cooperation rates often fail to maximize total social welfare. The study provides mathematical models and algorithms for reward and punishment mechanisms in social dilemmas, showing when each approach outperforms the other.

GeneralNeutralCrypto Briefing · Apr 136/10

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Kris Mitchener: Historical crises shape economic institutions, timely policy responses prevent calamity, and money is a social construct | Macro Musings

Economist Kris Mitchener argues that historical financial crises provide crucial lessons for policymakers seeking to prevent economic catastrophe. The analysis emphasizes that timely policy interventions and understanding money as a social construct are essential for effective crisis management and institutional resilience.