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Economic Analysis of Institutions and Systems

Name: Economic Analysis of Institutions and Systems
Brand: Springer Nature B.V.
SKU: 50469488
Price: 56.92 EUR
Availability: InStock
Author: S. Pejovich
ISBN: 9789401164849

S. Pejovich

Language

English

Book Paperback

Libristo code: 50469488

Publishers Springer Nature B.V., February 2012

Economic Analysis of Institutions and Systems aims to redirect the study of what was previously refe... Full description

Libristo code: 50469488

139 b

56.92 €

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Economic Analysis of Institutions and Systems aims to redirect the study of what was previously referred to as comparative economic systems toward analysis of the history and development of institutions, and the effects of alternative institutional arrangements on economic behavior. To this end, the book internalizes into a theoretical framework: (i) the effects of alternative institutions on the costs of transactions and incentive structures; (ii) the effects of the costs of transactions and incentives on economic behavior, and (iii) the evidence for refutable implications of those effects. In the process, it provides the logical premises for various institutions from which refutable implications can be deduced.