Infrastructures are complex networks dominated by tight interdependencies between technologies and institutions. These networks supply services crucial to modern societies, services that can be provided only if several critical functions are fulfilled. This book proposes a theoretical framework...

New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal...

The lower the risk of expropriation and the greater the rule of law (that is, the greater the security of property and contract rights), the greater the research and development spending in developing countries and the greater the likelihood that foreign direct investment will increase; two...