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9780521876605

New Institutional Economics: A Guidebook

by
  • ISBN13:

    9780521876605

  • ISBN10:

    0521876605

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-09-22
  • Publisher: Cambridge University Press

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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 figures
List of tables
List of contributors
Acknowledgments
Foreword Oliver E. Williamson
A Road Map for the Guidebook Eric Brousseau and Jean-Michel Glachant
Introductory Chapter - New Institutional Economics: a Report Card Paul L. Joskow
Foundations
The Theories of the Firm
Contracts: From Bilateral Sets of Incentives to the Multi-Level Governance of Relations
Institutions and the Institutional Environment
Human nature and institutional analysis
Methodology
The 'Case' for Case Studies in the New Institutional Economics
New Institutional Econometrics: The Case of Research on Contracting and Organization
Experimental methodology to inform New Institutional Economics Issues
Game Theory and Institutions
Strategy and Management
New-Institutional Economics, Organization and Strategy
Inter-firm Alliances: A New Institutional Economics Approach
Governance Structure and Contractual Design in Retail Chains
Industrial Organization
Make or buy decisions: a NIE approach
Transaction Costs, Property Rights, and the Tools of the New Institutional Economics: Water Rights and Water Markets
Contracting and Organization in Food and Agriculture
Institutional Design
Buy, lobby or sue: interest group participation in policy making ndash; a selective survey
Regulation and Deregulation in network industry
Constitutional Political Economy ndash; Analyzing the most basic layer of formal institutions
New Institutional Economics and its Application on Transition and Developing Economies
Challenges to Institutional Analysis
Law and Economics in Retrospect
The Theory of the Firm and Its Critics: a Stocktaking and an Assessment
The Causes of Institutional Inefficiency: A Development Perspective
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

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