SSRN Working Papers
Institutions and Transition Possible Policy Implications of the New Institutional Economics [статья]
Опубликовано на портале: 05-02-2003Stefan Voigt, Hella Engerer SSRN Working Papers. 2001.
Paper presents a short overview of the New Institutional Economics. It is not intended to be a complete survey of the field but an extract that concentrates on the specific arguments made here that are in contrast with the assumptions commonly made in mainstream theory. Since the aim of this paper is to come up with policy implications, specific assumptions will be emphasized only if they might become crucial for policy implications. The results of some empirical studies are presented after having dealt with some of the methodological problems. One of the parts focuses on the NIE in the context of the transition economies of Central and Eastern Europe.
Micro Theory and Recent Development in the Study of Economic Institutions Through Economic History [статья]
Опубликовано на портале: 05-02-2003Avner Greif SSRN Working Papers. 1996. No. 9611132.
This paper discusses the three approaches within economic history that utilizes micro-economic theory to examine institutions, their nature, change, and efficiency: the Neo-classical Economics approach, the New Institutional Economic History approach, and Historical Institutional Analysis approach. The focus is on methodology and general results rather than on any specific conclusions regarding institutions in particular historical episodes. Most of the survey is devoted to elaborate on the recent development of Historical Institutional Analysis.
On the Social Foundations and Historical Development of Institutions that Facilitate Impersonal Exchange: From the Community Responsibility System to Individual Legal Responsibility in Pre-modern Europe [статья]
Опубликовано на портале: 05-02-2003Avner Greif SSRN Working Papers. 1997. No. 9712104.
This paper examines the extent to which common knowledge regarding social structure impact the set of feasible institutions and thereby the scope of inter-community, impersonal market exchange. When this extent is large, economic agents can condition their actions on ones social affiliation thereby enabling the operation of an institution taking advantage of intra-community, personal contract enforcement to support inter-community, impersonal exchange. This argument is embedded in a historical study of contract enforcement institution that supported inter-community, impersonal exchange in pre-modern Europe. The papers game theoretical and historical analysis indicates the importance of a particular institution the Community Responsibility System in supporting inter-community, impersonal exchange from as early as the twelfth century despite the lack of appropriate legal contract enforceability provided by the state. Thus, the analysis suggests the deficiency of the common view in economic history that in pre-modern Europe impersonal exchange were not conducted before the emerging states established the appropriate legal system. By the thirteenth century, however, various communities attempted to abolish the Community Responsibility System and substitute it with legal contract enforcement provided by the state. Social processes that impact the extent to which social structure is common knowledge, communities size, intra-community heterogeneity, and inter community mobility were important contributors to this transition