| Contents | 5 |
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| Contributors | 9 |
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| Acknowledgements | 13 |
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| Introduction | 14 |
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| Section I The Domain of New Institutional Economics | 33 |
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| 1. Institutions and the Performance of Economies Over Time | 34 |
| 2. The Institutional Structure of Production1 | 44 |
| 3. Transaction Cost Economics | 54 |
| Section II Political Institutions and the State | 80 |
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| 4. Electoral Institutions and Political Competition | 82 |
| 5. Presidential versus Parliamentary Government | 104 |
| 6. Legislative Process and the Mirroring Principle | 136 |
| 7. The Performance and Stability of Federalism: An Institutional Perspective | 162 |
| Section III Legal Institutions of a Market Economy | 187 |
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| 8. The Many Legal Institutions that Support Contractual Commitments | 188 |
| 9. Legal Systems as Frameworks for Market Exchanges | 218 |
| 10. Market Institutions and Judicial Rulemaking | 242 |
| 11. Legal Institutions and Financial Development | 264 |
| Section IV Modes of Governance | 293 |
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| 12. A New Institutional Approach to Organization | 294 |
| 13. Vertical Integration | 332 |
| 14. Solutions to Principal-Agent Problems in Firms | 362 |
| 15. The Institutions of Corporate Governance | 384 |
| 16. Firms and the Creation of New Markets | 414 |
| Section V Contractual Arrangements | 446 |
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| 17. The Make-or-Buy Decision: Lessons from Empirical Studies | 448 |
| 18. Agricultural Contracts | 478 |
| 19. The Enforcement of Contracts and Private Ordering | 504 |
| Section VI Regulation | 526 |
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| 20. The Institutions of Regulation: An Application to Public Utilities | 528 |
| 21. State Regulation of Open-Access, Common- Pool Resources | 558 |
| 22. Property Rights and the State | 586 |
| 23. Licit and Illicit Responses to Regulation | 604 |
| Section VII Institutional Change | 623 |
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| 24. Institutions and Development | 624 |
| 25. Institutional and Non-Institutional Explanations of Economic Differences | 652 |
| 26. Institutions and Firms in Transition Economies | 680 |
| 27. Social Capital, Social Norms and the New Institutional Economics | 714 |
| 28. Commitment, Coercion, and Markets: The Nature and Dynamics of Institutions Supporting Exchange | 740 |
| Section VIII Perspectives | 801 |
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| 29. Economic Sociology and New Institutional Economics | 802 |
| 30. Doing Institutional Analysis | 832 |
| Subject Index | 862 |
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| Author Index | 880 |