Economic Behavior and Institutions: Principles of Neoinstitutional Economics

ISBN-13: 9780521348911 / Angielski / Miękka / 1990 / 404 str.

Thrainn Eggertsson;Rainn; John Pencavel

Opis

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.

Recenzje

'The survey succeeds in my view precisely in presenting and linking in a convincing way quite disparate material.' Arthur Denzau, Washington University

Spis treści

Part I. Introduction to the Theory: 1. Generalising neoclassical economics: new tools and concepts; 2. Property rights, agency and economic organisation; 3. Explaining the rules; Part II. Property Rights and Economic Outcomes: 4. The economics of exclusive rights; 5. The ownership structure of firms and equilibrium outcomes; Part III. Explaining Economic Organisation: 6. The contractual nature of the firm; 7. The logic of economic organisation; Part IV. Explaining Property Rights: 8. The emergence of property rights; 9. Property rights in stateless societies; 10. The state in neoinstitutional economics.