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[fre] Dans son texte de 1950 consacré à la controverse sur la théorie de la firme, Alchian apparaît comme un précurseur à trois titres. D'abord, il est l'un des inventeurs du principe d'« irréalisme méthodologique » qui fonde encore aujourd'hui la défense néo-classique. Peu importe...
Persistent link: https://www.econbiz.de/10008625158
There are two remedies to the breach of a contract: the damages rule, that is prevailing in the Common Law system, and the specific performance rule, that is dominant in the Civil Law system. Economic justifications have often been given for the first rule, but the second. Using the incomplete...
Persistent link: https://www.econbiz.de/10011187212
The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...
Persistent link: https://www.econbiz.de/10011020552
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[eng] This article analyzes the so called « value added » telecommunication services market. These services are the result of a combination of « functions » assumed by different types of economic agents.. Therefore to control the organization of the production, economic agents have to gain...
Persistent link: https://www.econbiz.de/10008607610
[eng] Coordination in the French construction industry relies on principles that generate numerous failures. Authorities as well as some large companies push for changes by encouraging the use of coordination techniques inspired by those in use in manufacturing industries. We try to analyze the...
Persistent link: https://www.econbiz.de/10008608003
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As an introduction to a series of contributions about Internet economics, the present paper has three goals. We firstly recall several basic facts and principles characterizing the morphology of the Internet, its operating system, its regulation procedures, as well as its rapid success which...
Persistent link: https://www.econbiz.de/10008578410
This paper presents a new methodology aimed at building institutional indicators. Up to now, all the available indicators have relied on an analysis of the supply of legal protection. Conversely we propose here a methodology based on the analysis of the demand for legal protection, as it is...
Persistent link: https://www.econbiz.de/10008578680