Economic Behavior and Institutions

Abstract

An important research programme has developed in economics that extends neo-classical economic theory in order to examine the effects of institutions on economic behaviour. The body of work emerging from this line of inquiry includes contributions from 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 a comprehensive survey of this research programme which the author terms 'neoinstitutional economics'. The author proposes a unified approach to this research, integrating the work of various contributors and emphasising the common principles of inquiry that tie the work together. The theoretical discussion is accompanied by empirical studies dealing with a range of institutions and economic systems. This book will serve as the primary resource for economists and students who want to learn about this important branch of economic theory.

Institutional Development to Build a Succesfull Local Collective Action in Forest Management from Arau Watershed Unit Management Area, West Sumatera

“…Kepastian hak mendorong seseorang untuk meningkatkan sediaan (stock) barang modalnya karena adanya jaminan dan rasa aman untuk berinvestasi dalam jangka panjang (Eggertsson 1990). Faktanya, saat ini, pada kawasan lindung SWP DAS Arau terjadi konflik tumpang tindih kawasan hutan ulayat dan hutan negara serta tidak diakuinya hak ulayat dalam kawasan hutan negara.…”

Tasmanian landowner preferences for conservation incentive programs: A latent class approach

“…Esseks and Kraft 1986;Gasson and Hill 1990;Stevens, White et al 2002;Home 2004) as they allowed landowners to retain greater flexibility in terms of succession (Eggertsson 1990). Also, more land use options were retained with less restrictive programs, reducing the opportunity cost of reservation (e.g.…”

La crise de la macroéconomie, une conséquence de la méconnaissance des institutions?

“…Sugden, 1986;A. Schotter, 1981), en microéconomie comme en théorie macroé-conomique (T. Eggertsson, 1990). …”