INSTITUTIONS AND (SHORT‐RUN) MACROECONOMIC PERFORMANCE
探讨制度如何影响经济表现，通过博弈论框架分析制度对宏观经济的影响，并以OECD国家工资设定制度与失业表现的关系为例进行说明。
Abstract. This paper reviews the growing interest in institutions. It argues that the explanation for this interest is a fresh awareness of how institutions affect economic performance. This connection arises because many economic interaction take the form of one or other of three ‘classic’ games (prisoners' dilemma, coordination and chicken) and the outcome in these games (and hence performance of the economy) is influenced by the institutional context of these interactions. The paper provides a detailed illustration of this argument with a survey of the literature which relates unemployment performances to the institutions of wage setting in OECD countries.