New institutional economics ≈ New institutional economics
View article: Blockchains and the economic institutions of capitalism
Blockchains and the economic institutions of capitalism Open
Blockchains are a new digital technology that combines peer-to-peer network computing and cryptography to create an immutable decentralised public ledger. Where the ledger records money, a blockchain is a cryptocurrency, such as Bitcoin; b…
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Quality of Institutions for Knowledge-based Economy within New Institutional Economics Framework. Multiple Criteria Decision Analysis for European Countries in the Years 2000–2013 Open
The article concentrates on the problem of quality of institutions in the European Union countries in the context of their compatibility with the global knowledge-based economy.The main objective of the article is to evaluate the progress …
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Why transaction costs are so relevant in political governance? a new institutional survey Open
The New Institutional Economics, led by four Nobel laureates (Ronald Coase, Douglass North, Oliver Williamson and Elinor Ostrom), has showed that institutions and organizations are a medium for reducing transaction costs and obtaining a hi…
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The Diversity and Rapprochement of Theories of Institutional Change: Original Institutionalism and New Institutional Economics Open
Understanding the complexity of institutional change is a necessary step in gaining deeper knowledge of economic performance over time, and it is one of the main challenges in the research agenda of institutionalism. Institutional change c…
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Access Orders and the ‘New’ New Institutional Economics of Development Open
This article examines the Access Order theories of development that have emerged as the latest reformulation of New Institutional Economics by Douglass North and his associates. These scholars claim that Access Order theory represents a ra…
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The Decimation and Displacement of Development Economics Open
Contemporary mainstream development economics is an overdetermined product of three historical processes: the late neoclassical turn within mainstream economic theory; transformations within the institutional‐discursive matrix of developme…
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Markets and institutional swamps: tensions confronting entrepreneurs in developing countries Open
Unrealized potential of entrepreneurial activities in developing countries has often been attributed to missing formal market-based institutions. In new institutional economics, the concept of ‘voids’ is suggested to describe the absence o…
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Urban public transport systems from new institutional economics perspective: a literature review Open
The paper provides a novel perspective for the examination of urban public transport (UPT) systems based on a literature review of new institutional economics (NIE). New institutional economics is a rapidly growing interdisciplinary econom…
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Economic Diversification and Institutional Quality—Issues of Concentrated Interests Open
Recent research has provided broad accounts of what high institutional quality is; bureaucrats should be impartial and recruited on merit, public power should not be used for private gain, there should be rule of law, and property rights s…
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Similarities and Dissimilarities between Original Institutional Economics and New Institutional Economics Open
Original Institutional Economics and New Institutional Economics display several similarities. However, differences in methodology and normative stance are too big to reconcile both approaches. Both approaches may keep each other sharp.
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Anatomizing the Institutional Arrangements of Urban Village Redevelopment: Case Studies in Guangzhou, China Open
Given the increasing scarcity of urban land, the Chinese government has been initiating large-scale redevelopment of urban villages that are commonly regarded problematic for their low land use efficiencies and negative externalities. Duri…
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Blockchains and the Economic Institutions of Capitalism Open
Blockchains are a new digital technology that combines peer-to-peer network computing and cryptography to create an immutable decentralised public ledger. Where the ledger records money, a blockchain is a cryptocurrency, such as Bitcoin; b…
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Enhancing Performance of Participatory Water Institutions in the Eastern Indo-Gangetic Plains: What Can We Learn from New Institutional Economics and Governance Theories? Open
The paper examines the performance of participatory water institutions in India’s Eastern Indo-Gangetic plains region using new institutional economics and management governance fundamentals. Water institutions are of great importance for …
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Illuminating the formal–informal dichotomy in land development on the basis of transaction cost theory Open
Transaction cost theory is largely used to investigate the formal domain of land and housing. In the informal domain, however, this perspective has been employed largely as a supplement in addressing the other fundamental notion in new ins…
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Corporate Governance Theories in the New Institutional Economics Perspective. The Classification of Theoretical Concepts Open
The inter-disciplinarity and multi-paradigmatism of corporate governance issues results in a lack of clear categorization of the theories.This paper attempts to systematize theories of corporate governance with special emphasis on the new …
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Institutional form versus function in a common property context: The credibility thesis tested through an agent-based model Open
A key debate in the study on land, housing and natural resources revolves around the notion that general institutional forms (such as private, common, public, and likewise formal property rights) lead to a certain institutional performance…
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Mauss's<i>The Gift</i>, or the necessity of an institutional perspective in economics Open
The article proposes a reading of Marcel Mauss's insights into gift exchange in primitive societies through the lens of the institutional economics approach. It thus tries to demonstrate that the gift as seen by Mauss can be interpreted as…
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Commemorating Oliver Williamson, a founding father of transaction cost economics Open
This contribution commemorates Oliver Williamson, who recently passed away, as one of the founding fathers of Transaction Cost Economics (TCE). It does so by touching on some of the details of his personal life and connecting these with hi…
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Introduction to A Research Agenda for New Institutional Economics Open
When New Institutional Economics (NIE) first appeared on the scholarly scene in the early 1970s, it was a transformative movement. NIE aimed to radically alter orthodox economics by showing that institutions are multidimensional and matter…
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Discrete institutional alternatives: Theoretical and policy issues (Celebrating the 80 th anniversary of Ronald Coase's “Nature of the Firm”) Open
This paper addresses the comparative analysis of discrete institutional alternatives in organizing transactions among distinct economic entities. The theoretical framework for understanding this issue was introduced by Ronald Coase 80 year…
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Modern Labour Economics: The Neoclassical Paradigm with Institutional Content Open
The contribution focuses on the development of labour market economic theory. It shows the increase in relative importance of institutions and the rising relevance of the institutional theories for the labour market economics. The labour m…
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SOCIO-ECONOMIC INSTITUTIONS FOR DEVELOPMENT OF COOPERATION Open
The cooperation concept, which in its content can be regarded as an economic phenomenon, the essence of which is the economic relationships between partners in terms of cooperation in order to achieve the common goal of lower specific cost…
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Contending Perspectives in Economics: A Guide to Contemporary Schools of Thought Open
Contents: 1. Introduction 2. Economics As A Scientific Discipline 3. Neoclassical Economics 4. Marxism 5. Austrian Economics 6. Post Keynesian Economics 7. Institutionalism 8. New Institutionalism 9. Feminist Economics 10. Conclusions Index
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The development of vegetable enterprises in the presence of transaction costs among farmers in Omusati Region of Namibia: An assessment Open
The paper investigates how transaction characteristics influence the development of vegetable enterprises among smallholder farmers in north-central Namibia. As transaction costs are difficult to measure the theoretical framework of analys…
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Measuring the Transaction Costs of Historical Shifts to Informal Drought Management Institutions in Italy Open
Coase shows how costly resources are (re)allocated via costly institutions, and that transaction costs must therefore be positive. However, Coase did not elaborate on transitions between institutions which incur positive transaction costs …
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Institutional Quality and Economic Development in Sub-Saharan Africa: Can Management Effort and Bribes Compensate for Low-Quality Institutions? Open
The industrial development in sub-Saharan Africa is perhaps more affected by the quality of institutions than that of other regions. We investigate what alternatives managers have to secure what their firms need to function in case the ins…
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Transaction cost economics in the digital economy: A research agenda Open
Transaction cost economics theory explains when it is more efficient for a transaction between two parties to occur across the market or within an organization. How does transaction cost economics apply in the digital economy, which relies…
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The New Institutional Economics-Main Theories Open
The aim of this article is to show that the New Institutional Economics is an interdisciplinary stream combining economics, law, organization theory, political sciences, sociology, and anthropology. The main theories which are part of the …
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A Neoinstitutionalist Proposal to Study the BRICS Open
This article seeks to contribute to the current disciplinary discussion about the BRICS from a neoinstitutionalist perspective. Here, we understand BRICS as an international institution which has deepened its technical-bureaucratic dynamic…
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The evolution of Iban land tenure : a study in institutional economics Open
The author retains copyright of this thesis. It must only be used for personal non-commercial research, education and study. It must not be used for any other purposes and may not be transmitted or shared with others without prior permissi…