The New Institutional Economics of Corruption

The New Institutional Economics of Corruption

Author: Johann Graf Lambsdorff

Publisher: Routledge

Published: 2004-09-16

Total Pages: 273

ISBN-13: 1134316720

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This book constitutes a thorough analysis of the phenomenon of corruption, as seen from the perspective of New Institutional Economics - one of the most influential new schools of thought in the social sciences of the past decade.


The Institutional Economics of Corruption and Reform

The Institutional Economics of Corruption and Reform

Author: Johann Graf Lambsdorff

Publisher: Cambridge University Press

Published: 2007-03-08

Total Pages: 20

ISBN-13: 1139464760

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Corruption has been a feature of public institutions for centuries yet only relatively recently has it been made the subject of sustained scientific analysis. Lambsdorff shows how insights from institutional economics can be used to develop a better understanding of why corruption occurs and the best policies to combat it. He argues that rather than being deterred by penalties, corrupt actors are more influenced by other factors such as the opportunism of their criminal counterparts and the danger of acquiring an unreliable reputation. This suggests a novel strategy for fighting corruption similar to the invisible hand that governs competitive markets. This strategy - the 'invisible foot' - shows that the unreliability of corrupt counterparts induces honesty and good governance even in the absence of good intentions. Combining theoretical research with state-of-the-art empirical investigations, this book will be an invaluable resource for researchers and policy-makers concerned with anti-corruption reform.


A New Institutional Economics Perspective on Industry Self-Regulation

A New Institutional Economics Perspective on Industry Self-Regulation

Author: Jan Sammeck

Publisher: Springer Science & Business Media

Published: 2011-12-06

Total Pages: 188

ISBN-13: 3834935425

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The idea of self-regulation as an instrument capable of mitigating socially undesirable practices in industries - such as corruption, environmental degradation, or the violation of human rights - is receiving substantial consideration in theory and practice. By approaching this phenomenon with the theory of the New Institutional Economics, Jan Sammeck develops an analytical approach that points out the critical mechanisms which decide about the effectiveness of this instrument. By integrating theory with practical examples of self-regulation, this study highlights the necessity to look at the institutional incentives of an industry, in order to come to a sound judgement about the feasibility and effectiveness of this instrument in a given situation.


Institutions, Contracts, and Organizations

Institutions, Contracts, and Organizations

Author: Claude Ménard

Publisher: Edward Elgar Publishing

Published: 2000

Total Pages: 488

ISBN-13:

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A presentation of contributions from some of the world's leading economists, including Ronald Coase and Douglass North. It demonstrates the extent and depth of the New Institutional Economics research programme with special emphasis on the interaction between institutional factors.


International Handbook on the Economics of Corruption

International Handbook on the Economics of Corruption

Author: Susan Rose-Ackerman

Publisher: Edward Elgar Publishing

Published: 2007-01-01

Total Pages: 655

ISBN-13: 1847203108

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This collection of articles offers a comprehensive assessment of the subtle but nevertheless pervasive economic infrastructure of corruption. It provides suitable core or adjunct reading for law school, graduate, and undergraduate courses on international economics, international relations and international law. American Society of International Law This exhaustive collection, edited by Rose-Ackerman, cannot be called anything but excellent. . . . Overall, a wonderful addition to the literature. Highly recommended. C.J. Talele, Choice Susan Rose-Ackerman is a world-class economist and an authority on the economics of corruption. This is a fine reference volume that every economist interested in this important subject will want to have as a ready reference. Jagdish Bhagwati, Columbia University, US Economic research on corruption aims both to isolate the economic effects of quid pro quo deals between agents and third parties, and to suggest how legal and institutional reforms might curb harms and enhance benefits. In this comprehensive Handbook, top scholars in the field provide specially commissioned essays, both theoretical and empirical, exploring both types of research. The Handbook begins with an introductory essay by the editor, followed by two chapters written by leading exponents of cross-country research. However, the focus of the Handbook is on research at the micro level, where policy can be made and evaluated. These microeconomic studies fall into several overlapping categories. The first group includes studies that link corrupt incentives to institutional structures, particularly the organization of the state. The second draws implications from surveys of households or businesses and from controlled experiments. The third concentrates on particular sectors such as education, tax administration, public works, customs services, and pharmaceuticals. Finally, two chapters assess corruption in the transition away from socialism in Europe and Asia.


A Research Agenda for New Institutional Economics

A Research Agenda for New Institutional Economics

Author: Claude Ménard

Publisher: Edward Elgar Publishing

Published: 2018-12-28

Total Pages: 299

ISBN-13: 1788112512

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Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.


Scarcity, Conflicts, and Cooperation

Scarcity, Conflicts, and Cooperation

Author: Pranab Bardhan

Publisher: MIT Press

Published: 2004-11-05

Total Pages: 324

ISBN-13: 9780262261814

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This wide-ranging review of some of the major issues in development economics focuses on the role of economic and political institutions. Drawing on the latest findings in institutional economics and political economy, Pranab Bardhan, a leader in the field of development economics, offers a relatively nontechnical discussion of current thinking on these issues from the viewpoint of poor countries, synthesizing recent research and reflecting on where we stand today. The institutional framework of an economy defines and constrains the opportunities of individuals, determines the business climate, and shapes the incentives and organizations for collective action on the part of communities; Pranab Bardhan finds the institutional framework to be relatively weak in many poor countries. Institutional failures, weak accountability mechanisms, and missed opportunities for cooperative problem-solving become the themes of the book, with the role of distributive conflicts in the persistence of dysfunctional institutions as a common thread. Special issues taken up include the institutions for securing property rights and resolving coordination failures; the structural basis of power; commitment devices and political accountability; the complex relationship between democracy and poverty (with examples from India, where both have been durable); decentralization and devolution of power; persistence of corruption; ethnic conflicts; and impediments to collective action. Formal models are largely avoided, except in two chapters where Bardhan briefly introduces new models to elucidate currently under-researched areas. Other chapters review existing models, emphasizing the essential ideas rather than the formal details. Thus the book will be valuable not only for economists but also for social scientists and policymakers.


Political Economy of Institutions, Democracy and Voting

Political Economy of Institutions, Democracy and Voting

Author: Norman Schofield

Publisher: Springer Science & Business Media

Published: 2011-06-11

Total Pages: 426

ISBN-13: 3642195199

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This book presents the latest research in the field of Political Economy, dealing with the integration of economics and politics and the way institutions affect social decisions. The authors are eminent scholars from the U.S., Canada, Britain, Spain, Italy, Mexico and the Philippines. Many of them have been influenced by Nobel laureate Douglass North, who pioneered the new institutional social sciences, or by William H. Riker who contributed to the field of positive political theory. The book focuses on topics such as: case studies in institutional analysis; research on war and the formation of states; the analysis of corruption; new techniques for analyzing elections, involving game theory and empirical methods; comparing elections under plurality and proportional rule, and in developed and new democracies.


Institutions and Development

Institutions and Development

Author: M. M. Shirley

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 241

ISBN-13: 1848443994

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Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.