Institutions, Contracts and Organizations: Perspectives from New Institutional Economics (Edward Elgar Monographs)

Institutions, Contracts and Organizations: Perspectives from New Institutional Economics (Edward Elgar Monographs)

By: Claude Menard (author), Claude Menard (editor)Hardback

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Description

A presentation of contributions from some of the world's leading economists, including Ronald Coase, Douglass North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme which is having a world-wide impact on the economics profession. The book lays out the fundamental dimensions of the research programme with special emphasis on the interaction between institutional factors, both informal and formal, and the performance of different arrangements that organize transactions. After examining the foundations of New Institutional Economics and honouring Ronald Coase's contribution to the field, it presents controversial and conflicting views on the sources of growth. It places special emphasis on organizations and transactions, focusing on issues of trust, corruption, enforcement of contracts and modes of organization.

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Contents

Part 1 Foundations: new institutional economics, Ronald H. Coase; understanding institutions, Douglass C. North; institutional evolution as punctuated equilibrium, Masahiko Aoki. Part 2 Homage to Ronald H. Coase: a revolution in economics, Douglass C. North; Ronald Coase and the new microeconomics, Lars Werin; Ronald Harry Coase - institutional economist/institution builder, Oliver E. Williamson; Ronald H. Coase and the emergence of a new approach to economics, Claude Menard; Ronald H. Coase - list of publications. Part 3 Sources of growth - technology, natural endowment, or institutions?: dogs and tails in the economic development story, Harold Demsetz; formal versus informal institutions in economic development, Philip Keefer and Mary Shirley; inequality, institutions and differential paths of growth among new world economies, Stanley Engerman et al. Part 4 Trust, distrust, corruption: when good defences mage good neighbours, Margaret Levi; experimental economics in the bush - why institutions matter, Jean Ensminger; the impact of paternalism on racial land rental differences in the US, Lee Alston and Kyle Kaufmann; institutionalized corruption and the kleptocratic state, Joshua Charap and Christian Harm. Part 5 Enforcement issues: the state and diversity of third party enforcers, Yoram Barzel; enforcement procedures and governance structures - what relationship?, Claude Menard; the lens through which we see - the impact of ideas on institutional enforcement, Jose Alberto Garibaldi-Fernandez; a cognitive science perspective on legal incentives, John Drobak. Part 6 Institutions and modes of organizations: quasi-integration in less-than-truckload trucking, Benito Arrunada et al; why do the European Union's electricity industries continue to differ? A new institutional analysis, Jean-Michel Glachant and Dominique Finon; ill-defined property rights in collective action - the case of US agricultural co-operatives, Michael L. Cook et al; asset specificity, work organization and mode of command - first insights from the automotive industry, Didier Chabaud. Part 7 Models and measures: measuring the costs of exchange, Alexandra and Lee Benham; when incomplete contract theory meets transaction cost economics - a test on contractual choices, Stephane Saussier; incomplete contracts and governance structures - are incomplete contract theory and new institutional economics substitutes or complements? Eric Brousseau and M'hand Fares; values and governance system, Pieter Ruys et al.

Product Details

  • publication date: 26/04/2000
  • ISBN13: 9781840642254
  • Format: Hardback
  • Number Of Pages: 480
  • ID: 9781840642254
  • weight: 1085
  • ISBN10: 1840642254

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