New Institutional Economics: A Guidebook

by Edited by Éric Brousseau , Jean-Michel Glachant

• ISBN13: 9780521700160
• ISBN10: 0521700167
• Edition: 1st
• Format: Paperback
• Copyright: 2008-09-29
• Publisher: Cambridge University Press

Summary

Institutions frame behaviors and exchanges in markets, business networks, communities, and organizations throughout the world. Thanks to the pioneering work of Ronald Coase, Douglas North and Olivier Williamson, institutions are now recognized as being a key factor in explaining differences in performance between industries, nations, and regions. The fast-growing field of new institutional economics analyzes the economics of institutions and organizations using methodologies, concepts, and analytical tools from a wide range of disciplines (including political science, anthropology, sociology, management, law, and economics). With contributions from an international team of researchers, New Institutional Economics provides theoreticians, practitioners, and advanced students in economics and social sciences with a guide to the many recent developments in the field. It explains the underlying methodologies, identifies issues and questions for future research, and shows how results apply to decision making in law, economic policy, management, regulation and institutional design.

Table of Contents

List of tables	p. x
List of figures	p. xi
List of contributors	p. xiii
Acknowledgements	p. xxi
Foreword	p. xxiii
A Road Map for the Guidebook	p. xxxix
Introduction to New Institutional Economics: A Report Card	p. 1
Foundations	p. 21
The Theories of the Firm	p. 23
Contracts: From Bilateral Sets of Incentives to the Multi-Level Governance of Relations	p. 37
Institutions and the Institutional Environment	p. 67
Human Nature and Institutional Analysis	p. 81
Methodology	p. 101
The "Case" for Case Studies in New Institutional Economics	p. 103
New Institutional Econometrics: The Case of Research on Contracting and Organization	p. 122
Experimental Methodology to Inform New Institutional Economics Issues	p. 142
Game Theory and Institutions	p. 158
Strategy and Management	p. 181
New Institutional Economics, Organization, and Strategy	p. 183
Inter-Firm Alliances: A New Institutional Economics Approach	p. 209
Governance Structure and Contractual Design in Retail Chains	p. 235
Industrial Organization	p. 253
Make-or-Buy Decisions: A New Institutional Economics Approach Manuel	p. 255
Transaction Costs, Property Rights, and the Tools of the New Institutional Economics: Water Rights and Water Markets	p. 272
Contracting and Organization in Food and Agriculture	p. 292
Institutional Design	p. 305
Buy, Lobby or Sue: Interest Groups' Participation in Policy Making: A Selective Survey	p. 307
Regulation and Deregulation in Network Industry	p. 328
Constitutional Political Economy: Analyzing Formal Institutions at the Most Elementary Level	p. 363
New Institutional Economics and Its Application on Transition and Developing Economies	p. 389
Challenges to Institutional Analysis	p. 407
Law and Economics in Retrospect	p. 409
The Theory of the Firm and Its Critics: A Stocktaking and Assessment	p. 425
The Causes of Institutional Inefficiency: A Development Perspective	p. 443
Notes	p. 463
References	p. 489
Index	p. 543
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