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Cover A Research Agenda for New Institutional Economics
A Research Agenda for New Institutional Economics
Editors: Claude Ménard and Mary M. Shirley
Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
Restricted access
Monograph Book
Publication Date:
28 Dec 2018
DOI:
https://doi.org/10.4337/9781788112512
Collections:
Economics 2018
Cover Law and Development
Law and Development
An Institutional Critique
Frank H. Stephen
This book draws on the analytical framework of New Institutional Economics (NIE) to critically examine the role which law and the legal system play in economic development. Analytical concepts from NIE are used to assess policies which have been supported by multilateral development organisations including securing private property rights, reform of the legal system and financial development. The importance of culture in shaping the legal environment, which in turn influences financial sector development, is also assessed using Oliver Williamson’s ‘levels of social analysis’ framework.
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Monograph Book
Publication Date:
26 Jan 2018
DOI:
https://doi.org/10.4337/9781784718213
Collections:
Economics 2018
Cover The Elgar Companion to Ronald H. Coase
The Elgar Companion to Ronald H. Coase
Editors: Claude Ménard and Elodie Bertrand
Ronald H. Coase was one of the most innovative and provocative economists of the twentieth century. Besides his best known papers on ‘The Nature of the Firm’ and ‘The Problem of Social Cost’, he had a major role in the development of the field of law and economics, and made numerous influential contributions to topics including public utilities, regulation and the functioning of markets. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars assess the impact of his work with particular reference to the research programs initiated, the influence on policymakers, and the challenge to conventional perspectives.
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Reference & Dictionaries
Publication Date:
26 Feb 2016
DOI:
https://doi.org/10.4337/9781782547990
Collections:
Economics 2016
Cover Lawyers, Markets and Regulation
Lawyers, Markets and Regulation
Frank H. Stephen
Frank H. Stephen’s evaluation of public policy on the legal profession in UK and European jurisdictions explores how regulation and self-regulation have been liberalized over the past 30 years. The book surveys where the most recent and radical liberalization involving the ownership of law firms by non-lawyers is likely to lead, and appraises the economic literature on the costs and benefits of regulating markets for professional services. It challenges socio-legal views on professional legislation and highlights the limitations of regulatory competition, as well as the importance of dominant business models. The author reviews the empirical work underpinning these theories and policies. He also evaluates the effectiveness of regulatory competition as a response to regulatory capture.
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Monograph Book
Publication Date:
31 Oct 2013
DOI:
https://doi.org/10.4337/9781781002681
Collections:
Economics 2013
Cover Corporate Governance, Enforcement and Financial Development
Corporate Governance, Enforcement and Financial Development
The Chinese Experience
Ding Chen
This important new book attempts to establish a fresh conceptual framework for the study of corporate governance by employing the new institutional economics of contract enforcement. This framework helps to clarify two critical issues including the role of law in financial development and whether there is an optimal corporate governance model that should be followed by countries attempting to develop their own stock markets.
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Monograph Book
Publication Date:
30 Apr 2013
DOI:
https://doi.org/10.4337/9781781004814
Collections:
Law 2013
Cover The Coase Theorem
The Coase Theorem
Richard A. Posner and Francesco Parisi

The diverse array of authors and topics reviewed makes this research review an indispensable tool to study one of the most cited economic theories of the 20th century.
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Research Reviews
Publication Date:
28 Feb 2013
DOI:
https://doi.org/10.4337/9781784714307
Cover What Makes Poor Countries Poor?
What Makes Poor Countries Poor?
Institutional Determinants of Development
Michael J. Trebilcock and Mariana Mota Prado
This important book focuses on the idea that institutions matter for development, asking what lessons we have learned from past reform efforts, and what role lawyers can play in this field.
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Monograph Book
Publication Date:
29 Dec 2011
DOI:
https://doi.org/10.4337/9780857938879
Collections:
Law 2011
Cover The New Institutional Economics of Markets
The New Institutional Economics of Markets
Eirik G. Furubotn and Rudolf Richter

To date, the formulation of a systematic theory of the organization of markets has proved to be a difficult task and remains unfinished. Nevertheless, explanations do exist as to why, under given conditions, the basic activities of trade are organized in one particular fashion rather than another. This research review presents a comprehensive overview of the selection of these important papers by authors working in the tradition of the new institutional economics.
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Research Reviews
Publication Date:
29 Oct 2010
DOI:
https://doi.org/10.4337/9781784712822
Cover Law, Informal Rules and Economic Performance
Law, Informal Rules and Economic Performance
The Case for Common Law
Svetozar Pejovich and Enrico Colombatto
Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic progress. The analysis throughout is consistent and is supported by evidence. Key components of the proposed theory are the rule of law, the market for institutions, the interaction thesis, the carriers of change, and the process of changing formal and informal institutions.
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Monograph Book
Publication Date:
30 Jun 2008
DOI:
https://doi.org/10.4337/9781848442900
Collections:
Economics 2010 and before