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Papandreou, Andreas - 2000

Economic theory has generally akcnowledged the role that institutions have in shaping economic space. The distinction however between physical and institutional descriptions of economic activity has not received adequate attention within the mainstream paradigm. In this paper I show how a proper...

Persistent link: https://www.econbiz.de/10011608612

The new institutional economics - main theories

Obińska-Wajda, Emilia - In: e-Finanse: Financial Internet Quarterly 12 (2016) 1, pp. 78-85

The aim of this arti cle is to show that the New Insti tuti onal Economics is an interdisciplinary stream combining economics, law, organizati on theory, politi cal sciences, sociology, and anthropology. The main theories which are part of the New Insti tuti onal Economics are: Agency Theory,...

Persistent link: https://www.econbiz.de/10012011861

Registries

Arruñada, Benito - In: Man and the Economy 1 (2014) 2, pp. 209-230

Abstract Governments and international development agencies often fail in their efforts to build and reform property and company registries. They implement misguided policies rooted in a poor understanding of the role that registries play in the modern economy. This work aims to remedy this...

Persistent link: https://www.econbiz.de/10014615673

The Insight and the Legacy of the Theory of Share Tenancy

Allen, Douglas W.; Lueck, Dean - In: Man and the Economy 5 (2018) 1

Abstract The Theory of Share Tenancy by Steven Cheung, first published as a PhD thesis 50 years ago, was an important watershed study on the economics of contracts. It contained the first formal demonstration of the Coase Theorem, linked the concepts of property rights and transaction costs,...

Persistent link: https://www.econbiz.de/10014615747

Creating Institutions for Survival Games Against Nature in Premodern Iceland

Eggertsson, Thráinn - 1994

"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...

Persistent link: https://www.econbiz.de/10009468491

Vertical Integration in Mexican Common Property Forests

Antinori, Camille M. - 2000

production, and does the pattern of organization promote complementary investments in timber and nontimber production? "The … of vertical integration on nontimber investments, empirically tested with instrumental variables regression methods … transaction cost literature, outside firms are willing to make specific investments in return for access to timber resources. As …

Persistent link: https://www.econbiz.de/10009468498

Integrating organizational economics and resource dependence theory to explain the persistence of quasi markets

Coupet, Jason; McWilliams, Abagail - In: Administrative Sciences 7 (2017) 3, pp. 1-13

The past few decades have been characterized by a growing body of profit-seeking public service areas with the understanding that profit-seeking organizations will deliver public services more efficiently than government can. These sectors include, but are not limited to, health care,...

Persistent link: https://www.econbiz.de/10012611947

Liberalisation of network industries: Is the electricity sector an exception to the rule?

Coppens, François; Vivet, David - 2004

For quite a long time, network industries used to be regarded as (natural) monopolies. This was due to these industries having some special characteristics. Network externalities and economies of scale in particular justified the (natural) monopoly thesis. Recently, however, a trend towards...

Persistent link: https://www.econbiz.de/10011506581

The Secret Life of Mundane Transaction Costs

Langlois, Richard N. - 2005

Transaction costs, one often hears, are the economic equivalent of friction in physical systems. Like physicists, economists can sometimes neglect friction in formulating theories; but like engineers, they can never neglect friction in studying how the system actually does let alone should work....

Persistent link: https://www.econbiz.de/10009430091

Liberalisation of network industries : is electricity an exception to the rule?

Coppens, François; Vivet, David - 2004

Persistent link: https://www.econbiz.de/10003285766

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