Showing 1 - 10 of 26
Douglass North, along with Ronald Coase and Oliver Williamson, transformed the early intuitions of new institutional economics into powerful conceptual and analytical tools that spawned a robust base of empirical research. NIE arose in response to questions not well explained by standard...
Persistent link: https://www.econbiz.de/10010930236
This paper focuses on how to deal with environmental problems, through the lenses of the New Institutional Economics. The emphasis is on the intertwined role of organizational solutions and their institutional settings. This is not to say that technological solutions to environmental problems...
Persistent link: https://www.econbiz.de/10009322694
A comparative analysis of alternative contractual solutions is now required by the law, in France, to legitimize the choice of a Public-Private Partnership. This procedure is identified as "evaluation préalable" (preliminary evaluation). A central question then becomes that of the foundations...
Persistent link: https://www.econbiz.de/10009322695
The central message conveyed in this chapter is that there is a whole class of economic organizations that contribute substantially to what Coase (1992) called "the institutional structure of production". These arrangements fall neither under pure market relationships nor within 'firm...
Persistent link: https://www.econbiz.de/10009322697
This paper is about the alignment of technology and modes of organization in infrastructures in the context of their reform. Since infrastructures are characterized by strong technical complementarities, we explore the resulting 'critical technical functions' that need to be performed in order...
Persistent link: https://www.econbiz.de/10009322698
How are extra costs resulting from the occurrence of unanticipated risks allocated in a procurement setting? This paper develops a theoretical framework combining transaction cost economics with equity theory in order to explain why parties endorse cooperative strategies, basically a 50-50...
Persistent link: https://www.econbiz.de/10009322699
This chapter aims to provide some answers using both theoretical considerations as well as practical illustrations at the sub sectoral levels of urban water supply and irrigation as well as at the water sector as a whole. It examines different possibilities to deal with governance issues...
Persistent link: https://www.econbiz.de/10009323287
Our chapter is organized as follows. Section I comes back to the characteristics of the water sector. It describes some key features that may explain the slow pace of reform and that may also help better understanding characteristics and limits of that process. Then, a historical and global...
Persistent link: https://www.econbiz.de/10009323510
Contract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance...
Persistent link: https://www.econbiz.de/10009323511
Douglass North, along with Ronald Coase and Oliver Williamson, transformed the early intuitions of new institutional economics into powerful conceptual and analytical tools that spawned a robust base of empirical research. NIE arose in response to questions not well explained by standard...
Persistent link: https://www.econbiz.de/10009323514