Le caractère ‘collectif’ de certains biens et services a souvent légitimé, parfois indûment, l’intervention de la ‘main visible’ de l’Etat. L’économie néo-institutionnelle initiée par Coase conteste cette vision en interrogeant la nature même des biens et en resituant le...

The combination of enterprises is not a phenomenon of the last years. The concept of the "Mergers & Acquisitions" is based on fundamental economic theories, which are however often overlaid in the discussion by populist motives for the merger or acquisition in that particular case. This article...

Hungary is home to a great diversity of plant and animal species, whose preservation is of global value. This paper focuses on the institutional aspects of the research project on on-farm conservation of crop genetic resources in three Environmentally Sensitive Areas of Hungary (Dévaványa,...

An overview is provided of public values from main perspectives constituting economic science, while examining how these perspectives deal with energy policy. Neoclassical and New Institutional Economics conceive governance and regulation as outcomes of cost minimising actors that operate in...

Analysis of the economic effects of constitutional rules has made substantial progress over the last decade. This survey provides an overview of this rapidly growing research area and also discusses a number of methodological issues and identifies underresearched areas. It argues that the next...

Describing economic phenomena remains complicated because market exchanges are attached to a specific social context. Therefore, it seems relevant to apply an interdisciplinary strategy in order to explain the observed reality. The approaches supplied by New Institutional Economics,...

Following formal privatisation of farm land and assets in Central Europe, the change in agricultural production structures has been both more limited and different than was initially expected. In this paper, the theoretical reasons underlying those expectations are reviewed. An alternative...

The paper shows the current state of environmental concerns in economic theory. Different economic schools have incorporated the environmental analysis into their theoretical framework. They use different presumptions, focus on different environmental aspects and come to diverse conclusions and...

This article concentrates on the development of institutional economic theories which have begun to study institutions and their role in the economic development and behavior since the very end of the 19th century. Institutional theories have been a critical reaction to the almost complete...

Using 1988-93 panel data drawn from the New Zealand life insurance industry, this paper examines empirically the notion that the choice of distribution system is an efficient contracting solution to incentive conflicts between owners, managers and sales agents in life insurance firms. Consistent...