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Advanced Introduction to New Institutional Economics
Claude Ménard and Mary M. Shirley
2022
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New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?
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Keywords
- Contractual institutions
- Governance of transactions
- institutional environment
- KCA
- New Institutional Economics
- Property rights
- transaction costs
Links
DOI: 10.4337/9781789904499Editions