ERIC BROUSSEAU – NEW INSTITUTIONAL ECONOMICS

Markets, business networks, communities, and organizations throughout the world are influenced by institutions. In recent years, institutions have been recognized as a key factor in explaining differences in performance between industries, nations, and regions. The field of new institutional economics analyzes the economics of institutions and organizations using methodologies, concepts, and analytical tools from a wide range of disciplines. With contributions from an international team of researchers, New Institutional Economics provides theoreticians, practitioners, and advanced students in economics and social sciences with a guide to the many recent developments in the field. It explains the underlying methodologies, identifies issues and questions for future research, and shows how results apply to decision making in law, economic policy, management, regulation and institutional design.

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A guide to the achievements and future prospects of the New Institutional Economics has been missing for a long time. This book fills a need. Chapters written by experts in various subfields are complemented by excellent commentaries. It is a great reference tool for new entrants to the field and practitioners will use it to reinforce their knowledge. John F. Sherrerd was the University Professor of Economics.

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