Vlad Tarko - From Informal Tribal Affairs To Formal Democratic Institutions

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A lecture by Vlad Tarko at a CADI workshop, www.cadi.ro/workshop

Technologie Business

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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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)]