Economic Behavior and Institutions: Principles of Neoinstitutional Economics
Cambridge University Press, 29. 6. 1990 - Počet stran: 385
An important new research program has developed in economics that extends neoclassical economic theory in order to examine the effects of institutions on economic behavior. The body of work emerging from this new line of inquiry includes contributions from the various branches of economic theory, such as the economics of property rights, the theory of the firm, cliometrics and law and economics. This book is the first comprehensive survey of this research program, which the author terms "neoinstitutional economics." The author proposes a unified approach to this research, integrating the work of various contributors and emphasizing the common principles of inquiry that tie the work together. The theoretical discussion is accomplished by empirical studies dealing with a whole range of institutions and economic systems.
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action activities agency agents agriculture alternative analysis approach argues arrangements assets associated assume behavior benefits capital Chapter choice claims common compared competitive consider constraints consumer contracts corporation costly decision depends discussion economic effects enforcement equal equilibrium example exchange exclusive rights fields Figure Finally firm function gains give given groups History important incentives income increase individual industry inputs institutions interest internal introduced investments involve Journal labor land legislators limited lower managers marginal maximize measurement nature North organization outcomes output owners ownership party political positive possible potential problem production property rights reduce refer regulation relatively rent represents rules share social societies specialized structure suggests supply theory trade transaction costs unit usually various wealth
Institutions, Institutional Change and Economic Performance
Douglass C. North
Omezený náhled - 1990
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