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From informal tribal affairs to formal
democratic institutions




Vlad Tarko

Center for Institutional Analysis and Development,
Eleutheria Foundation, Bucharest




                              
Exchanges




              Two people: A and B
       Two products or services: x and y

            A[x]  B[y]  A[y]  B[x]




                         
Exchanges




               Two people: A and B
        Two products or services: x and y

    A[x(t1)]  B[y(t1)]  A[y(t2)]  B[x(t2)]




                         
Exchanges




               Two people: A and B
        Two products or services: x and y

    A[x(t1)]  B[y(t1)]  A[y(t2)]  B[x(t2)]

          Why does the exchange happen?

               A[y(t1)] > A[x(t1)]
               B[x(t1)] > B[y(t1)]


                         
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions
Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions

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Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions

  • 1. From informal tribal affairs to formal democratic institutions Vlad Tarko Center for Institutional Analysis and Development, Eleutheria Foundation, Bucharest    
  • 2. Exchanges Two people: A and B Two products or services: x and y A[x] B[y]  A[y] B[x]    
  • 3. Exchanges Two people: A and B Two products or services: x and y A[x(t1)] B[y(t1)]  A[y(t2)] B[x(t2)]    
  • 4. Exchanges Two people: A and B Two products or services: x and y A[x(t1)] B[y(t1)]  A[y(t2)] B[x(t2)] Why does the exchange happen? A[y(t1)] > A[x(t1)] B[x(t1)] > B[y(t1)]