Publisher Summary This chapter discusses the operationalization of transaction cost
economics. Vertical integration, an understanding of which serves as a paradigm for hel** …

The paper begins with a brief overview of the theory of incentives, with special attention to
issues that are important in the public sector, in general and human capital in particular. It …

This chapter provides a panoramic view of the lens by presenting its assumptions and
guiding logic. It outlines the main structural elements of the framework. The chapter …

This paper examines the progressive development of the new institutional economics over
the past quarter century. It begins by distinguishing four levels of social analysis, with special …

This paper develops the empirical and theoretical case that differences in economic
institutions are the fundamental cause of differences in economic development. We first …

Over the past 15 years, the availability of cheap and convenient microcomputers has
changed the collection methods and analysis of household survey data in develo** …

This book develops a framework for analyzing the creation and consolidation of democracy.
Different social groups prefer different political institutions because of the way they allocate …

What determines the size and form of redistributive programs, the extent and type of public
goods provision, the burden of taxation across alternative tax bases, the size of government …

Using a sample of 394 French firms for the period of 2001 to 2010, we study the relationship
between female directorship and firms' accounting (ROA and ROE) and market-based …

The propositions that organization matters and that it is susceptible to analysis were long
greeted by skepticism by economists. One reason why this message took a long time to …