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  • Cited by 104
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    • Publisher:
      Cambridge University Press
      Publication date:
      June 2012
      July 1996
      ISBN:
      9781139174633
      9780521553131
      9780521557436
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.71kg, 376 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.51kg, 376 Pages
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  • Selected: Digital
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    Book description

    Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.

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