What are institutions, and how should they be designed to achieve compliance
with behavioral rules, including laws, social norms, religious rules, or cultural traditions? This conceptual paper introduces a typology of economic governance institutions and explains how it can be used both by policy makers, administrators, and researchers in law and economics to improve rule compliance. It explains how effective and efficient institutions can be identified for a given economic governance problem. The concepts are applied to two cases: how to create trust in cloud computing technologies, and how to implement data sharing of user-generated information on data-driven markets?
