New Institutional Economics. A Guidebook

Theoretical Integration of New Institutional Economics

The purpose of this study is to investigate the theoretical integration or eclecticism of New Institutional Economics (NIE) on the basis of the four-stage Tillings model. The first step demonstrates that the new institutionalists, as to confront the hegemonic scientific mainstream, stated that their goal was to moderate neoclassical assumptions, but in fact, their main goal was to expand and st...

New Institutional Economics

This chapter surveys the new institutional economics, a rapidly growing literature combining economics, law, organization theory, political science, sociology and anthropology to understand social, political and commercial institutions. This literature tries to explain what institutions are, how they arise, what purposes they serve, how they change and how they may be reformed. Following conven...

The New Institutional Economics and Development

In this essay I intend to briefly summarize the essential characteristics of the new institutional economics, to describe how it differs from neo-classical theory, and then to apply its analytical framework (as I see it) to problems of development. I The new institutional economics is an attempt to incorporate a theory of institutions into economics.1 However in contrast to the many earlier att...

Municipal Wireless Networks: A New Institutional Economics Explanation

Whether city governments should intervene and provide public funds for building Municipal Wireless Networks (MWN) is a controversial and important issue. Some people support the government’s intervention because MWN services seem to fit in the “public goods” category and result in “positive externality” (Cornes and Sandler, 1986). However, others are suspicious of the efficacy of the government...

A New Institutional Economics Perspective on Environmental Issues