It is increasingly accepted that 'institutions matter' for economic organization & outcomes. This text explores the issues, perspectives, & models, concerned with comparative institutional analysis. The leading scholars in the area contribute chapters to provide a central reference point for...

Are newly established institutions capable of shaping actors' strategies and coordinating behavior on a single path? Contrary to punctuated equilibrium analyses, this paper suggests that the constraining capacity of a range of newly established institutions in new European capitalisms is weak...