August 2000 <p> This is chapter 1 of a book manuscript entitled Towards a Comparative Institutional Analysis forthcoming from MIT Press in spring 2001. This book provides a game-theoretic, conceptual and analytical framework for understanding sources of the diversity of institutional arrangements...</p>

November 6, 1998 <p> No abstract provided.

October 1999 <p> This paper argues that the truly unique role of venture capitalists is found in their information-mediating and governance functions, which can be understood only in the context of relationships between the "clustering" of entrepreneurial firms and (a club) of venture capitalists....</p>

May 20, 1997 <p>This paper presents a new, generic definition of relational financing that may cover a wide range of financial practices in different economies, ranging from the Japanese main bank relationship, to bank lending to smaller firms, and venture capital in the U.S. It then discusses...</p>

September 1998 <p> The major purpose of this lecture is to provide a conceptual framework for analyzing the mechanism of institutional evolution as "punctuated equilibrium." Section 1 introduces reasons why an equilibrium view of institutions may be appropriate. Section 2 introduces a simple...</p>

By using game-theoretic language, this paper attempts to interpret the North's recent framework for institutional studies. Particularly relying on a foundational study of knowledge and culture in epistemic game theory, it clarifies three subtly different meanings of the beliefs used by North -...

Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact...