ABSTRACT
This chapter identifies several types of institutional structures. It shows how three institutional structures are mixed: one pertaining to a market economy, one to a mixed economy, and one to a negotiated economy. The institutional preconditions for a negotiated economy are connected to the generation of a contingent and emergent system of generalized political cooperation among social partners: labor, capital, and the state. The history of institutionalized class cooperation in Denmark goes far back in history. The long-lasting tradition of cooperative links among social partners has developed into a multilayered and policy-centric institutional structure. A third institutional feature that characterized Danish labor-market relations was economic individualism. The dominant perception stressed the importance of a national economy's productive structure, the technology content and marketing of its products, and the degree of flexibility in its labor markets and in its industrial organization.
