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Economic Behavior and Institutions : Principles of Neoinstitutional Economics - Thrainn Eggertsson

Economic Behavior and Institutions

Principles of Neoinstitutional Economics

Paperback Published: 28th January 1991
ISBN: 9780521348911
Number Of Pages: 404

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An important new research program has developed in economics that extends neoclassical economic theory in order to examine the effects of institutions on economic behavior. The body of work emerging from this new line of inquiry includes contributions from the various branches of economic theory, such as the economics of property rights, the theory of the firm, cliometrics and law and economics. This book is the first comprehensive survey of this research program, which the author terms "neoinstitutional economics." The author proposes a unified approach to this research, integrating the work of various contributors and emphasizing the common principles of inquiry that tie the work together. The theoretical discussion is accomplished by empirical studies dealing with a whole range of institutions and economic systems.

'The survey succeeds in my view precisely in presenting and linking in a convincing way quite disparate material.' Professor Arthur Denzau, Washington University

Introduction to the Theory
Generalising neoclassical economics: new tools and concepts
Property rights, agency and economic organisation
Explaining the rules
Property Rights and Economic Outcomes
The economics of exclusive rights
The ownership structure of firms and equilibrium outcomes
Explaining Economic Organisation
The contractual nature of the firm
The logic of economic organisation
Explaining Property Rights
The emergence of property rights
Property rights in stateless societies
The state in neoinstitutional economics
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521348911
ISBN-10: 0521348919
Series: Cambridge Surveys of Economic Literature
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 404
Published: 28th January 1991
Country of Publication: GB
Dimensions (cm): 21.39 x 14.28  x 1.98
Weight (kg): 0.52