Institutions and Cultures in the I-Space

Repeated knowledge-based interactions between agents in the I-Space give rise to the emergence over time of institutional structures for their governance as well as to a set of cultural values that reflect the nature of the information and the task environment in which such interactions occur. Four such institutional structures are identified: markets (knowledge codified and diffused), bureaucracies (knowledge codified and undiffused), clans (knowledge uncodified and partially diffused), and fiefs (knowledge uncodified and undiffused).