| Contents | 5 |
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| Contributors | 8 |
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| Acknowledgements | 11 |
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| Introduction | 12 |
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| The Domain of New Institutional Economics | 30 |
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| 1. Institutions and the Performance of Economies Over Time | 31 |
| 2. The Institutional Structure of Production | 41 |
| 3. Transaction Cost Economics | 50 |
| Political Institutions and the State | 75 |
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| 4. Electoral Institutions and Political Competition | 76 |
| 5. Presidential versus Parliamentary Government | 97 |
| 6. Legislative Process and the Mirroring Principle | 129 |
| 7. The Performance and Stability of Federalism: An Institutional Perspective | 154 |
| Legal Institutions of a Market Economy | 178 |
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| 8. The Many Legal Institutions that Support Contractual Commitments | 179 |
| 9. Legal Systems as Frameworks for Market Exchanges | 208 |
| 10. Market Institutions and Judicial Rulemaking | 232 |
| 11. Legal Institutions and Financial Development | 254 |
| Modes of Governance | 282 |
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| 12. A New Institutional Approach to Organization | 283 |
| 13. Vertical Integration | 321 |
| 14. Solutions to Principal-Agent Problems in Firms | 351 |
| 15. The Institutions of Corporate Governance | 373 |
| 16. Firms and the Creation of New Markets | 402 |
| Contractual Arrangements | 433 |
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| 17. The Make-or-Buy Decision: Lessons from Empirical Studies | 434 |
| 18. Agricultural Contracts | 464 |
| 19. The Enforcement of Contracts and Private Ordering | 490 |
| Regulation | 511 |
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| 20. The Institutions of Regulation: An Application to Public Utilities | 512 |
| 21. State Regulation of Open-Access, Common-Pool Resources | 541 |
| 22. Property Rights and the State | 569 |
| 23. Licit and Illicit Responses to Regulation | 587 |
| Institutional Change | 605 |
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| 24. Institutions and Development | 606 |
| 25. Institutional and Non-Institutional Explanations of Economic Differences | 634 |
| 26. Institutions and Firms in Transition Economies | 661 |
| 27. Social Capital, Social Norms and the New Institutional Economics | 694 |
| 28. Commitment, Coercion, and Markets: The Nature and Dynamics of Institutions Supporting Exchange | 719 |
| Perspectives | 779 |
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| 29. Economic Sociology and New Institutional Economics | 780 |
| 30. Doing Institutional Analysis Digging Deeper Than Markets and Hierarchies | 810 |
| Subject Index | 840 |
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| Author Index | 858 |