Callen, Michael; Weigel, Jonathan; Yuchtman, Noam - National Bureau of Economic Research - 2023
We review an emerging experimental literature studying institutional change. Institutions are a key determinant of … economic growth, but the "critical junctures" in which institutions can change are not precisely defined. For example, such … exists deep uncertainty about future institutions. Consistent with this conception, the papers reviewed: (i) examine changes …