Two strands of literature have emerged to explain the rise of a new form of private governance, Corporate Social Responsibility (CSR). One camp argues that CSR expansion is likely during periods of economic liberalization because CSR tends to substitute for growing institutional voids and a lack...

This contribution is one of the lead articles to the forthcoming Handbook of Political, Social, and Economic Transformation. It discusses the main contributions from the New Institutional Economics to transformation research but also identifies a number of research gaps

This Article identifies and examines two alternative institutional structures for hierarchical institutions — “bounded” vs. “unbounded” institutional structures. In a bounded structure, a principal decides on a bounded numerical allocation and then an agent allocates to subjects while...