are characterized by a fundamental inconsistency between formal and informal institutions. When formal and informal rules … the new institutional economics is on the consequences of institutions--the rules that structure and constrain economic …. Institutions therefore do affect economic performance, but it is not always obvious which institutional rules dominate. Where …

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical … institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical … analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

This paper offers a review of the main progress made in entrepreneurship analysis and institutional economics …

culture, institutions and technology matter in the development of IPR protection policy even more than traditional variables …

opening, exchange rate policies, alternatives to debt financing and the role of the international financial institutions. The …