Toward a Comparative Institutional Analysis

Toward a Comparative Institutional Analysis

Author: Masahiko Aoki

Publisher: MIT Press

Published: 2023-12-26

Total Pages: 481

ISBN-13: 0262550830

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A conceptual and analytical framework for understanding economic institutions and institutional change. Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance. Examples include the demise of the communist states, the emergence of Silicon Valley and e-commerce, the European currency unification, and the East Asian financial crises. In this book Masahiko Aoki uses modern game theory to develop a conceptual and analytical framework for understanding issues related to economic institutions. The wide-ranging discussion considers how institutions evolve, why their overall arrangements are robust and diverse across economies, and why they do or do not change in response to environmental factors such as technological progress, global market integration, and demographic change.


Toward a Comparative Institutional Analysis

Toward a Comparative Institutional Analysis

Author: Masahiko Aoki

Publisher: MIT Press

Published: 2001-11-09

Total Pages: 498

ISBN-13: 9780262011877

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A conceptual and analytical framework for understanding economic institutions and institutional change. Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance. Examples include the demise of the communist states, the emergence of Silicon Valley and e-commerce, the European currency unification, and the East Asian financial crises. In this book Masahiko Aoki uses modern game theory to develop a conceptual and analytical framework for understanding issues related to economic institutions. The wide-ranging discussion considers how institutions evolve, why their overall arrangements are robust and diverse across economies, and why they do or do not change in response to environmental factors such as technological progress, global market integration, and demographic change.


Comparative Institutional Analysis

Comparative Institutional Analysis

Author: Masahiko Aoki

Publisher: Edward Elgar Publishing

Published: 2013-11-29

Total Pages: 494

ISBN-13: 1783476214

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This volume collects 22 articles by Masahiko Aoki, selected from writings published over the course of his 45-year academic career. These fascinating essays cover a range of issues, including mechanism design, comparative governance, corporate governan


Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance

Author: Douglass C. North

Publisher: Cambridge University Press

Published: 1990-10-26

Total Pages: 164

ISBN-13: 9780521397346

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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.


Transition and Economics

Transition and Economics

Author: GĂ©rard Roland

Publisher: MIT Press

Published: 2000

Total Pages: 440

ISBN-13: 9780262681483

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The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.


Market Institutions in Sub-Saharan Africa

Market Institutions in Sub-Saharan Africa

Author: Marcel Fafchamps

Publisher: MIT Press

Published: 2003-12-05

Total Pages: 543

ISBN-13: 0262262703

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An analysis of recent data on the economic behavior of market institutions in sub-Saharan Africa, with implications for future research and current policy. In Market Institutions in Sub-Saharan Africa, Marcel Fafchamps synthesizes the results of recent surveys of indigenous market institutions in twelve countries, including Benin, Ghana, Kenya, Madagascar, Malawi, and Zimbabwe, and presents findings about economics exchange in Africa that have implications both for future research and current policy. Employing empirical data as well as theoretical models that clarify the data, Fafchamps takes as his unifying principle the difficulties of contract enforcement. Arguing that in an unpredictable world contracts are not always likely to be respected, he shows that contract agreements in sub-Saharan Africa are affected by the absence of large hierarchies (both corporate and governmental) and as a result must depend to a greater degree than in more developed economies on social networks and personal trust. Fafchamps considers policy recommendations as they apply to countries in three different stages of development: countries with undeveloped market institutions, like Ghana; countries at an intermediate stage, like Kenya; and countries with developed market institutions, like Zimbabwe. Market Institutions in Sub-Saharan Africa caps ten years of personal research by the author. Fafchamps, in collaboration with such institutions as the Africa Division of the World Bank and the International Food Policy Research Institute, participated in the surveys of manufacturing firms and agricultural traders that provide the empirical basis for the book. The result is a work that makes a significant contribution to research on the continuing economic stagnation of many countries in sub-Saharan Africa and is also largely accessible to researchers in other fields and policy professionals.


The Role of Government in East Asian Economic Development

The Role of Government in East Asian Economic Development

Author: Masahiko Aoki

Publisher: Oxford University Press

Published: 1997-03-13

Total Pages: 442

ISBN-13: 0198292139

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The role of government in East Asian economic development has been a continuous issue. Two competing views have shaped enquiries into the source of the rapid growth high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market. What these views share in common is a conception of marketand government as alternative mechanisms for resource allocation. They are distinct only in their judgement of the extent to which market failures have been, and ought to be, remedied by direct government intervention.This collection of essays suggests a breakthrough, third view: the market-enhancing view. Instead of viewing government and the market as mutually exclusive substitutes, it examines the capacity of government policy to facilitate or complement private sector co-ordination. The book starts from the premise that private sector institutions have important comparative advantages over government, in particular in their ability to process information available on site. At the same time, itrecognizes that the capabilities of the private sector are more limited in developing economies. The market-enhancing view thus stresses the mechanisms whereby government policy is directed at improving the ability of the private sector to solve co-ordination problems and overcome other marketimperfections.In presenting the market-enhancing view, the book recognizes the wide diversity of the roles of government across various East Asian economies-including Japan, Korea, Hong Kong, Malaysia, and China-and its path-dependant and developmental stage nature.


Advances in Comparative-Historical Analysis

Advances in Comparative-Historical Analysis

Author: James Mahoney

Publisher: Cambridge University Press

Published: 2015-07-02

Total Pages: 325

ISBN-13: 1107110025

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This book situates comparative-historical analysis within contemporary debates in political science and explores the latest theoretical and conceptual advances.


Reconciling Efficiency and Equity

Reconciling Efficiency and Equity

Author: Damien Gerard

Publisher: Cambridge University Press

Published: 2019-05-09

Total Pages: 475

ISBN-13: 1108498086

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Provides a new conceptualization of competition law as economic inequality and its interaction with efficiency become of central concern to policy and decision-makers.


Institutional and Organizational Analysis

Institutional and Organizational Analysis

Author: Eric Alston

Publisher: Cambridge University Press

Published: 2018-08-23

Total Pages: 409

ISBN-13: 110708637X

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Why isn't the whole world developed? This toolkit for institutional analysis explains how rules affect the performance of countries, firms, and even families.