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A Research Agenda for New Institutional Economics

Edited by Claude Ménard, Professor (Emeritus) of Economics, University of Paris Panthéon-Sorbonne, France and Mary M. Shirley, President, The Ronald Coase Institute, US
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.
Extent: c 304 pp
Hardback Price: $125.00 Web: $112.50
Publication Date: December 2018
ISBN: 978 1 78811 250 5
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  • Economics and Finance
  • Industrial Organisation
  • Institutional Economics
  • Law and Economics
  • Law - Academic
  • Law and Economics
  • Politics and Public Policy
  • Political Economy
Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.

In recent years, an explosive rise in computing power and the digitization of data has allowed researchers in new institutional economics (NIE) to investigate questions that could never before be systematically analysed. This book explores key issues for future research in the field, analysing both traditional areas of focus in NIE and more recent areas of interest.

Consisting of 30 concise chapters written by top NIE scholars, this Research Agenda probes issues at the forefront of NIE, including government, contracts, property rights, norms, culture, and beliefs. Analysing rapid changes in technology and the environment, such as the rise of social media and the effects of climate change in agriculture, this book offers unique insights into key contemporary issues.

Written in non-technical terms, this book will inform and inspire students and those starting their careers in economics, law and political science. NIE scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
‘This book is about the variety of institutions that govern economic life. It has stunning breadth: political institutions, regulatory institutions, the law and practice of contracts, property rights and more are discussed with intelligence and rigor. Whether your interest is in the history of institutions or current practice, whether in rich countries or poor, you will learn much from this book.’
– Sam Peltzman, University of Chicago, Booth School of Business, US

‘This volume brings 30 chapters on a variety of topics, usefully examined from a transaction cost framework. As Coase argued, transaction costs move economic outcomes from the idealized simple to the more complex.’
– Gary Libecap, University of California, Santa Barbara, National Bureau of Economic Research and Hoover Institution, Stanford University, US
Contributors include: J.S. Ahlquist, J.E. Aldy, D.W. Allen, J. Bednar, J.C. Cardenas, P. Castaneda Dower, R. Fernandez, S. Gehlbach, R. Gil, M.A. Golden, C. Guerriero, S. Iyer, P. Keefer, K. Kosec, R. Kunneke, C. Long, R. Macchiavello, K.J. Mayer, C. Menard, T. Mogues, M.W. Moszoro, B. Mueller, S. Oh, D. Parker, J. Prufer, P. Prufer, M. Servatka, M.M. Shirley, E. Simison, F. Sobbrio, J. Teorell, T. Terpstra, M. Vatiero, S. Voigt, S. Wallsten, G. Zanarone, D. Ziblatt
Contents:

Introduction
Claude Ménard and Mary M. Shirley

Part I Government Institutions
1. Collective Action and Government: Still a Mystery
Philip Keefer

2. What’s Next for the Study of Non-democracy?
Scott Gehlbach

3. The Power and Limits of Federalism
Emilia Simison and Daniel Ziblatt

4. Evaluating the Performance of Regulations and Regulatory Institutions,
Joseph E. Aldy

5. Public Goods Provision in Developing Countries: A Research Agenda for New Institutional Economics
Katrina Kosec and Tewodaj Mogues

Part II Contracts and Organizations
6. A Mutually Beneficial Relationship: Relational Contracts in Developing Countries
Rocco Macchiavello

7. Contracting in Innovative Industries
Ricard Gil and Giorgio Zanarone

8. Interrelated technical and institutional coordination: The case of network infrastructures
Rolf Künneke

9. Cognition and Governance: A Research Agenda for the New Institutional Economics
Kyle J. Mayer

10. Tools and Approaches in Public Contracting Research
Marian W. Moszoro

11. Transaction and Transactors’ Choices: What We Have Learned and What We Need To Explore
Massimiliano Vatiero

Part III Laws and Property Rights
12. Questions of Property Rights
Dominic Parker

13. (Real) Behavior meets (Real) Institutions: Towards a research agenda on the Study of the Commons
Juan Camilo Cardenas

14. Property Rights and Economic Development: Taking Stock, Looking Ahead,
Carmine Guerriero

15. The China Experience: An Institutional Approach
Cheryl Long


Part IV Norms, Culture, and Beliefs
16. Internal Institutions: The Major Unknowns in Institutional Economics
Stefan Voigt

17. The Coevolution of Institutions and Culture
Bernardo Mueller

18. Modelling the Institutional Matrix: Norms, Culture, and Robust Design
Jenna Bednar

19. Corruption and the New Institutional Economics
Miriam A. Golden

20. Religion and Institutions
Sriya Iyer

Part V Institutions in a rapidly changing world
21. Family and Gender: Questions for the NIE
Raquel Fernández

22. Research Frontiers in the Institutional Analysis of Work
John S. Ahlquist

23. Challenges of Agricultural Organization to Growth and Climate
Paul Castañeda Dower

24. Is Blockchain Hype, Revolutionary, or Both? What We Need to Know. Sarah Oh and Scott Wallsten

25. New Media, New Issues
Francisco Sobbrio

Part VI New Approaches and New Tools
26. Neo-Institutionalism in Ancient Economic History: The Road Ahead
Taco Terpstra

27. Measuring Institutions: What We Do Not Know
Jan Teorell

28. Data Science for Institutional and Organizational Economics
Jens Prüfer and Patricia Prüfer

29. How Do Experiments Inform Collective Action Research?
Maroš Servátka

30. Recognizing and Solving Institutional Puzzles
Douglas W. Allen

Index