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Advanced Introduction to New Institutional Economics

New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities...

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Main Authors: Ménard, Claude, Shirley, Mary M.
Format: Online
Sprog:engelsk
Udgivet: Edward Elgar Publishing 2024
Fag:
New institutional economics; Transaction costs; Property rights; Contractual institutions; Governance of transactions; Institutional environment
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Online adgang:https://directory.doabooks.org/handle/20.500.12854/142813
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Summary:New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

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