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Institutional economics: an introduction

Author: Groenewegen, John ; Spithoven, Antoon ; Van den Berg, AnnettePublisher: Palgrave Macmillan, 2010.Language: EnglishDescription: 393 p. : Ill. ; 26 cm.ISBN: 9780230550735Type of document: BookBibliography/Index: Includes bibliographical references and index and glossary
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HB99.5 .G7 2010
(Browse shelf)
001271072
Available 001271072
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Includes bibliographical references and index and glossary

Digitized

Institutional Economics An Introduction Contents List of Figures, Tables and Boxes Preface Acknowledgments About the Authors List of Abbreviations ix xiii xv xvii xix PART I INTRODUCTION Introduction 1 What Is Institutional Economics About? Introduction: a world of transactions Coordinating transactions in a complex world Institutional Economics Institutions matter A brief outline of the book Review questions Appendix A: Neoclassical analysis of market structures Appendix B: Deviations from the perfect competition model PART II THEORY Introduction 2 Theoretical Framework Introduction On theory Two schools in Institutional Economics: NIE and OIE On the relevance of institutional theories A closer look at economic systems Concluding remarks Review questions Appendix A: Veblen and Commons, the founding fathers of Institutional Economics Appendix B: Douglass North 2 5 5 8 13 36 38 42 44 50 54 55 55 56 64 78 82 85 85 87 88 3 Static Approaches to Institutions Introduction Property rights theory Contract theories Transaction cost theory of governance structures The vested interest approach Concluding remarks Review questions 91 91 93 106 118 129 132 133 135 135 136 141 150 155 157 158 4 The Dynamics of Institutions Introduction Drivers of institutional change The evolutionary approach toward the dynamics of institutions The design approach toward the dynamics of institutions Dynamics of economic systems Concluding remarks Review questions PART III PRIVATE GOVERNANCE STRUCTURES 5 Introduction Markets Introduction The static efficiency approach to markets The static vested interest approach to markets The dynamic efficiency approach to markets The dynamic vested interests approach to markets Concluding remarks Review questions Appendix: Different types of auctions 6 Firms Introduction The static efficiency approach to firms The static vested interest approach to firms The dynamic efficiency approach to firms The dynamic vested interest approach to firms Concluding remarks Review questions 7 Cooperation between Firms Introduction Cooperation between firms in theory and practice The static efficiency approach to hybrids The static vested interest approach to hybrids The dynamic efficiency approach to hybrids 160 167 167 170 183 185 192 196 197 198 201 201 203 211 221 226 232 233 235 235 236 245 250 251 The dynamic vested interest approach to hybrids Concluding remarks Review questions PART IV PUBLIC GOVERNANCE STRUCTURES 254 258 259 8 Introduction State Intervention to Protect the Public Interest Introduction The static approach to state intervention The dynamic approach to state intervention Concluding remarks Review questions Appendix A: Elaboration of the fixed costs argument and returns to scale Appendix B: Graphical illustration of the difficulties of regulating a natural monopoly Appendix C: Graphical illustration of a corrective tax in case of a negative externality 262 271 271 272 305 319 319 321 323 324 325 325 328 348 362 363 364 366 367 369 379 385 9 Government Failures Introduction The static approach to government failures The dynamic approach to government failures Concluding remarks Review questions Appendix A: Arrow's impossibility theorem Appendix B: Graphical elaboration of the bureaucracy theory Epilog Glossary References Index

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