: Claude Menrad, Mary Shirley
: Claude Menard, Mary M. Shirley
: Handbook of New Institutional Economics
: Springer-Verlag
: 9780387250922
: 1
: CHF 302.80
:
: Handels-, Wirtschaftsrecht
: English
: 875
: Wasserzeichen/DRM
: PC/MAC/eReader/Tablet
: PDF

New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.

Contents5
Contributors9
Acknowledgements13
Introduction14
Section I The Domain of New Institutional Economics33
1. Institutions and the Performance of Economies Over Time34
2. The Institutional Structure of Production144
3. Transaction Cost Economics54
Section II Political Institutions and the State80
4. Electoral Institutions and Political Competition82
5. Presidential versus Parliamentary Government104
6. Legislative Process and the Mirroring Principle136
7. The Performance and Stability of Federalism: An Institutional Perspective162
Section III Legal Institutions of a Market Economy187
8. The Many Legal Institutions that Support Contractual Commitments188
9. Legal Systems as Frameworks for Market Exchanges218
10. Market Institutions and Judicial Rulemaking242
11. Legal Institutions and Financial Development264
Section IV Modes of Governance293
12. A New Institutional Approach to Organization294
13. Vertical Integration332
14. Solutions to Principal-Agent Problems in Firms362
15. The Institutions of Corporate Governance384
16. Firms and the Creation of New Markets414
Section V Contractual Arrangements446
17. The Make-or-Buy Decision: Lessons from Empirical Studies448
18. Agricultural Contracts478
19. The Enforcement of Contracts and Private Ordering504
Section VI Regulation526
20. The Institutions of Regulation: An Application to Public Utilities528
21. State Regulation of Open-Access, Common- Pool Resources558
22. Property Rights and the State586
23. Licit and Illicit Responses to Regulation604
Section VII Institutional Change623
24. Institutions and Development624
25. Institutional and Non-Institutional Explanations of Economic Differences652
26. Institutions and Firms in Transition Economies680
27. Social Capital, Social Norms and the New Institutional Economics714
28. Commitment, Coercion, and Markets: The Nature and Dynamics of Institutions Supporting Exchange740
Section VIII Perspectives 801
29. Economic Sociology and New Institutional Economics802
30. Doing Institutional Analysis832
Subject Index862
Author Index880