Negotiated Agreements (NAs) are arrangements between firms and regulators in which firms voluntarily agree to reduce their pollution. This article analyzes the institutional features that facilitate or hamper the implementation of NAs. We illustrate the analysis with case studies on the implementation of NAs in the United States, Germany, the Netherlands, and France. We find that NAs are implem...

This paper extends a previous study in South Africa aimed at developing methodology for assessing the performance of equity-share schemes. The previous study proposed four broad criteria to measure performance: poverty alleviation; empowerment and participation; institutional arrangements and governance; and financial performance. This paper does not aim to assess the performance of existing eq...

Governments around the world have developed e-government programs hoping to obtain important benefits. However, many e-government projects fail to deliver their promises. Some of such failures are the result of a lack of understanding about the relationships among technologies, information use, organizational factors, institutional arrangements, and socioeconomic contexts involved in the select...

At the Berlin MACE (Modern Agriculture in Central and Eastern Europe) Conference in January 2007, I offered some general thoughts on the crafting of institutional arrangements to further the economic transformations now underway in Central and Eastern Europe. In that paper I observed that many countries are now in the “third wave” of institutional change [Bromley, 2007]. The first wave began du...

In this paper we analyze the role of Enterprise Systems (ES) in shaping a company’s transformation process by conducting an in-depth case study in a large European high-tech company. Although there are previous studies concerning organizational transformation and ES implementation process, the role of ES as an instrument for de-institutionalization is not well understood. By drawing on the fr...

Asymmetric information problems on the labour and the financial market reduce private incentives to undertake activities necessary to attain the socially optimal rate of growth when the rate of innovation is endogenous. Institutional and contractual arrangements on both markets may help to correctly evaluate the long-term prospects of innovations, to protect the investment in specific assets an...

This paper presents an interpretivist case study of an NGO innovation in China based on the Chinese twitter-like microblogging platform Weibo. We investigate the performativity of social media in generating innovative sociomaterial practices of an NGO campaign, embedded in a context where civil society is under-developed and politically restricted. We propose a situated perspective of technolog...

Using the Central and Eastern European model of capitalism, this paper compares the market economies of the Western Balkan countries to the postsocialist European Union member states. It analyzes the main institutional areas of a socio-economic system such as product markets, innovation system, financial system, labor market and industrial relations, social protection and the educational system...

This working paper provides a summary on transaction cost economics (TCE) and recent developments thereof. After an introductory discussion of TCE’s role within the field of New Institutional Economics, a critical analysis of the contribution of the existing body of empirical literature is conducted. In recent years, researchers have continued to develop and extend TCE. Williamson (1991b) intro...