Empirical Studies in Institutional Change

by Edited by Lee J. Alston , Thrainn Eggertsson , Douglass C. North

• ISBN13: 9780521553131
• ISBN10: 052155313X
• Format: Hardcover
• Copyright: 1996-07-28
• Publisher: Cambridge University Press

Summary

Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyze institutions and institutional change. To make the papers accessible to a wide audience, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, that reflect their collective views as to the present and future status of institutional analysis.

Table of Contents

Introduction

A note on theory Thrá

inn Eggertsson

Empirical work in institutional economics Lee J. Alston

1. Towards an understanding of property rights Gary D. Libecap

2. Impediments to institutional change in the Soviet system Jan Winiecki

3. Transaction costs and economic development Andrew Stone, Brian Levy and Ricardo Paredes

4. The evolution of the modern institutions of growth Douglass C. North and Barry R. Weingast

5. Regulation in a dynamic setting Anne O. Krueger

6. Price controls, property rights and institutional change Steven N. S. Cheung

7. Regulating natural resources: the evolution of perverse property rights Robert Higgs

8. The politics of institutional change in a representative democracy William H. Riker and Itai Sened

9. The economics and politics of institutional change Lee J. Alston and Joseph P. Ferrie

Epilogue: Economic performance through time Douglass C. North.