Meta-institutions as a Product of Institutional Dynamics and Institutional Reformation
Meta-institutions as a Product of Institutional Dynamics and Institutional Reformation

Summary/Abstract: Institutions keep on rising in their role in the process of regulating the conflicts, that are attributes to market-type economic systems. The analysis of recent papers demonstrates an active shift towards institutional models that are able to explain the vector of transformations; reformation is related to changes in institutional environment via modeling the parameters of different agents’ behavior.The article searches into the evolution of institutions as a reflection for socioeconomic space components change. The emphasis is made on sophistication of spatial organization and strengthening of its network-based character, as well as the necessity of institutions modernization and creation of “new age” institutions in order to make the environment match the society requirements and demands. The research of known institutions typologies allowed to determine that sophistication of economic activities leads to meta-institutions creation. Development of the latter can be facilitated by cloud technologies that offer aggregated data storage and processing separately from any structural unit.

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