The Promise of Institutionalist Theory. Keohane and Martin (1995)
This article is a direct response to Mearsheimer's "The False Promise of International Institutions".
Instead of asking why states are mistaken to enter into international institutions ask why they matter. Institutions should not be treated as a intervening variable or dependent variable, instead they should be seen as an independent variable that exist along with power or interests and interact with them.
I.I.s matter for four reasons:
Provide information (both security and econ)- information can alleviate fears of unequal gains or uncertain gains
Reduce transaction costs
Make commitments more credible
Establish focal points for coordination-particularly important when working with many actors and multiple equalibria
Mearsheimer's largest criticism of I.I.s are they they ignore the problem of relative gains versus absolute gains. K & M assert that a states selection of relative v absolute gains are conditional upon a number of contextual facts such as number of actors or whether military advantage favors offense or defense. Snidal agrees that "if the potential gains are substantial, or if there are more than two states, relative gains won't be important to cooperation. To K & M, contrary to Mearsheimer, economic and military institutions are both possible and may stand long after initial incentives have faded.












