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Empirical Studies in Institutional Change (Hardcover, New)
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Empirical Studies in Institutional Change (Hardcover, New)
Series: Political Economy of Institutions and Decisions
Expected to ship within 12 - 17 working days
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Empirical Studies in Institutional Change is a collection of nine
empirical studies by fourteen scholars. Dealing with issues ranging
from the evolution of secure markets in seventeenth-century England
to the origins of property rights in airport slots in modern
America, the contributors analyse institutions and institutional
change in various parts of the world and at various periods of
time. The volume is a contribution to the new economics of
institutions, which emphasises the role of transaction costs and
property rights in shaping incentives and results in the economic
arena. To make the papers accessible to a wide audience, including
students of economics and other social sciences, the editors have
written an introduction to each study and added three theoretical
essays to the volume, including Douglass North's Nobel Prize
address, which reflect their collective views as to the present
status of institutional analysis and where it is headed.
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