Institutional economics: an introduction
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Basingstoke [u.a.]
Palgrave Macmillan
2010
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturverz. S. 379 - 384 ; Glossar u. Index. - Hier auch später erschienene, unveränderte Nachdrucke |
| Physical Description: | XIX, 393 S. graph. Darst. |
| ISBN: | 9780230550735 9780230550742 |
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MARC
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Record in the Search Index
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| adam_text | PARTI
PART II
Contents
IX
Prefoce
xiii
Acknowledgments
XV
About the Authors
xvii
List of Abbreviations
xix
INTRODUCTION
Introduction
2
What Is Institutional Economics About?
5
Introduction: a world of transactions
5
Coordinating transactions in a complex world
б
Institutional Economics
13
Institutions matter
36
A brief outline of the book
38
Review questions
42
Appendix A: Neoclassical analysis of market structures
44
Appendix B: Deviations from the perfect competition model
50
THEORY
Introduction
54
Theoretical Framework
55
Introduction
55
On theory
56
Two schools in Institutional Economics:
NIE
and
OIE
64
On the relevance of institutional theories
78
A closer look at economic systems
82
Concluding remarks
85
Review questions
85
Appendix A: Veblen and Commons, the founding fathers of
Institutional Economics
87
Appendix B: Douglass North
88
vi
Contents
3
Static
Approaches to Institutions
91
Introduction
91
Property rights theory
93
Contract theories
106
Transaction cost theory of governance structures
118
The vested interest approach
129
Concluding remarks
132
Review questions
133
4
The Dynamics of Institutions
135
Introduction
135
Drivers of institutional change
136
The evolutionary approach toward the dynamics of institutions
141
The design approach toward the dynamics of institutions
150
Dynamics of economic systems
155
Concluding remarks
157
Review questions
158
PART III PRIVATE GOVERNANCE STRUCTURES
Introduction
160
5
Markets
167
Introduction
167
The static efficiency approach to markets
170
The static vested interest approach to markets
183
The dynamic efficiency approach to markets
185
The dynamic vested interests approach to markets
192
Concluding remarks
196
Review questions
197
Appendix: Different types of auctions
198
6
Firms
201
Introduction
201
The static efficiency approach to firms
203
The static vested interest approach to firms
211
The dynamic efficiency approach to firms
221
The dynamic vested interest approach to firms
226
Concluding remarks
232
Review questions
233
7
Cooperation between Firms
235
Introduction
235
Cooperation between firms in theory and practice
236
The static efficiency approach to hybrids
245
The static vested interest approach to hybrids
250
The dynamic efficiency approach to hybrids
251
Contents
vii
The dynamic vested interest approach to hybrids
254
Concluding remarks
258
Review questions
259
PART IV PUBLIC GOVERNANCE STRUCTURES
Introduction
262
8
State Intervention to Protect the Public Interest
271
Introduction
271
The static approach to state intervention
272
The dynamic approach to state intervention
305
Concluding remarks
319
Review questions
319
Appendix A: Elaboration of the fixed costs argument and returns to scale
321
Appendix B: Graphical illustration of the difficulties of regulating
a natural monopoly
323
Appendix C: Graphical illustration of a corrective tax in case of
a negative externality
324
9
Government Failures
325
Introduction
325
The static approach to government failures
328
The dynamic approach to government failures
348
Concluding remarks
362
Review questions
363
Appendix A: Arrow s impossibility theorem
364
Appendix B: Graphical elaboration of the bureaucracy theory
366
Epilog 367
Glossary
369
References
379
Index
385
|
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| spelling | Groenewegen, John 1949- Verfasser (DE-588)170147037 aut Institutional economics an introduction John Groenewegen ; Antoon Spithoven and Annette van den Berg 1. publ. Basingstoke [u.a.] Palgrave Macmillan 2010 XIX, 393 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturverz. S. 379 - 384 ; Glossar u. Index. - Hier auch später erschienene, unveränderte Nachdrucke Institutional economics Institutionenökonomie (DE-588)4027208-4 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Institutionenökonomie (DE-588)4027208-4 s b DE-604 Spithoven, Antoon 1953- Verfasser (DE-588)140547584 aut Berg, Annette van den 1963- Verfasser (DE-588)170918181 aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018627875&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Groenewegen, John 1949- Spithoven, Antoon 1953- Berg, Annette van den 1963- Institutional economics an introduction Institutional economics Institutionenökonomie (DE-588)4027208-4 gnd |
| subject_GND | (DE-588)4027208-4 (DE-588)4123623-3 |
| title | Institutional economics an introduction |
| title_auth | Institutional economics an introduction |
| title_exact_search | Institutional economics an introduction |
| title_full | Institutional economics an introduction John Groenewegen ; Antoon Spithoven and Annette van den Berg |
| title_fullStr | Institutional economics an introduction John Groenewegen ; Antoon Spithoven and Annette van den Berg |
| title_full_unstemmed | Institutional economics an introduction John Groenewegen ; Antoon Spithoven and Annette van den Berg |
| title_short | Institutional economics |
| title_sort | institutional economics an introduction |
| title_sub | an introduction |
| topic | Institutional economics Institutionenökonomie (DE-588)4027208-4 gnd |
| topic_facet | Institutional economics Institutionenökonomie Lehrbuch |
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