Journal of Institutional Economics最新文献

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Introduction to the Oliver E. Williamson memorial issue 奥利弗·E·威廉姆森纪念版简介
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-11-19 DOI: 10.1017/s1744137421000813
R. Langlois
{"title":"Introduction to the Oliver E. Williamson memorial issue","authors":"R. Langlois","doi":"10.1017/s1744137421000813","DOIUrl":"https://doi.org/10.1017/s1744137421000813","url":null,"abstract":"\u0000 Oliver E. Williamson, who died on May 21, 2020 at the age of 87, was one of the most influential social scientists of modern times. In 2009, he was co-recipient of the Nobel Prize in Economics. As of mid-October 2021, he had been cited an astonishing 317,838 times according to Google Scholar. His measured influence outdistances that of even his fellow Nobel Laureates Elinor Ostrom (230,667), Douglass C. North (187,577) and Ronald H. Coase (123,686). This special issue of the Journal of Institutional Economics brings together a distinguished roster of scholars to remember Williamson, to elucidate some of his key ideas and influences, and to extend the reach of his ideas to new arenas.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47895899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
A polycentric approach for pandemic governance: nested externalities and co-production challenges 疫情治理的多中心方法:嵌套外部性和共同生产挑战
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-11-18 DOI: 10.1017/S1744137421000795
Pablo Paniagua, Veeshan Rayamajhee
{"title":"A polycentric approach for pandemic governance: nested externalities and co-production challenges","authors":"Pablo Paniagua, Veeshan Rayamajhee","doi":"10.1017/S1744137421000795","DOIUrl":"https://doi.org/10.1017/S1744137421000795","url":null,"abstract":"Abstract Political economists assume that global externalities, such as pandemics and climate change, require global or multi-national solutions. Yet, many aspects of these externalities can be addressed at the micro-level. As Elinor Ostrom pointed out, what scholars perceive as global externalities are in fact nested externalities that are organized in multiple, overlapping scales. By drawing on Ostrom's oeuvre, we explore the notions of nested externalities, polycentricity, and co-production in the context of pandemic governance. We highlight two crucial features of pandemics: first, preventative measures such as social distancing are co-production processes that cannot be provided by governments alone. Second, pandemics, much like climate change, pose nested externalities problems at different levels. Thus, pandemic externalities are better viewed as collective action problems arranged at multiple, nested, and/or overlapping scales. Finally, we propose an alternative institutional take that considers the nestedness of pandemic externalities and the diversity in institutional conditions across jurisdictions.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"537 - 552"},"PeriodicalIF":2.2,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47983161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Adaptation, adjudication, and private ordering: Contractual Relations through the Williamson Lens 改编、裁决与私人订购:威廉森视角下的契约关系
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-10-26 DOI: 10.1017/s1744137421000722
S. Masten
{"title":"Adaptation, adjudication, and private ordering: Contractual Relations through the Williamson Lens","authors":"S. Masten","doi":"10.1017/s1744137421000722","DOIUrl":"https://doi.org/10.1017/s1744137421000722","url":null,"abstract":"\u0000 Williamson's legacy will be permanently, and deservedly, linked with the theory of the firm. As important, however, is his contribution to our understanding of contracting. My aim here is to describe Williamson's conception of contracting, how it differs from other approaches to contracting, and some implications of that approach for contract design and enforcement. I argue that Williamson's ‘process orientation’ – in which the main dimension along which contracts vary is the extent to which contract adjustments are effected through court ordering versus private ordering – provides alternative interpretations of some conventional contract terms but also sheds light on some otherwise puzzling contractual phenomena.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44930962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Firms versus corporations: a rebuttal of Simon Deakin, David Gindis, and Geoffrey M. Hodgson 公司与公司:Simon Deakin、David Gindis和Geoffrey M.Hodgson的反驳
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-10-15 DOI: 10.1017/S1744137421000771
Jean-Philippe Robé
{"title":"Firms versus corporations: a rebuttal of Simon Deakin, David Gindis, and Geoffrey M. Hodgson","authors":"Jean-Philippe Robé","doi":"10.1017/S1744137421000771","DOIUrl":"https://doi.org/10.1017/S1744137421000771","url":null,"abstract":"Abstract I share the view expressed by Simon Deakin, David Gindis, and Geoffrey Hodgson (‘DGH’) that social scientists need to consider the constitutive role of law in their disciplines. This is particularly the case for economists working on the theory of the firm and on institutions more generally. Their analyses are often built on assumptions about the legal system which do not correspond to reality. One major issue is the generalized confusion between the concepts of ‘corporation’ and ‘firm’. In day-to-day parlance, the two words are synonyms. But, when the constitutive role of law is considered, the word corporation corresponds to a specific legal device which should be clearly differentiated from a less-specific concept which can be called a ‘firm’ or an ‘enterprise’. The notion of firm usually corresponds to the economic organization of various resources via contracts to produce goods or services. The corporation is a legal institution with peculiar characteristics, including a potentially eternal legal personality, an asset partitioning effect, and several layers of separations of ownership and control. Corporations are often used to legally structure large firms because they are very efficient legal devices to concentrate capital. But, firms are practically and conceptually different from the corporation(s) used to structure them. DGH consider that the understanding of what a firm is should not go against general, day-to-day understanding. In their view, although not all firms are corporations, all corporations are firms. I disagree. Only by clearly explaining that corporations are not firms can lawyers help social scientists consider the constitutive role of the law of corporations in the structuring of our present-day economy.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"693 - 701"},"PeriodicalIF":2.2,"publicationDate":"2021-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44574093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Resolving Douglass C. North's ‘puzzle’ concerning China's household responsibility system 解决道格拉斯·c·诺斯关于中国家庭联产责任制的“困惑”
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-10-15 DOI: 10.1017/S1744137421000746
S. Deakin, Gaofeng Meng
{"title":"Resolving Douglass C. North's ‘puzzle’ concerning China's household responsibility system","authors":"S. Deakin, Gaofeng Meng","doi":"10.1017/S1744137421000746","DOIUrl":"https://doi.org/10.1017/S1744137421000746","url":null,"abstract":"Abstract This paper considers Douglass C. North's ‘puzzle’ concerning China's household responsibility system (HRS) and offers a possible solution. China's HRS, which has evolved over the past four decades to become its dominant form of rural land ownership, has stimulated spectacular economic growth and poverty reduction; however, it is based on a type of ownership which is far removed from the property rights regime which North regarded as essential. Two features of the HRS merit attention. The first is ‘split ownership’: this refers to the allocation of different aspects of ownership, including rights of access, use, management, exclusion and alienation, to a range of individual and collective actors with interests in the land in question. The second is polycentric governance: rules governing land use are derived in part from community-level action and in part from state intervention. We argue that in explaining the functioning of the HRS we need to move beyond the narrow conception of legally enforced private property rights on which North relied. We should instead embrace understandings of ownership as an emergent, diverse and complex institution, of the kind emphasized by A.M. Honoré's legal theory of ownership and Elinor Ostrom's theories of the common-pool resource and polycentric governance.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"521 - 535"},"PeriodicalIF":2.2,"publicationDate":"2021-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43965545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Liability for robots II: an economic analysis 机器人责任II:经济学分析
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-10-09 DOI: 10.1017/S1744137421000837
Alice Guerra, F. Parisi, Daniel Pi
{"title":"Liability for robots II: an economic analysis","authors":"Alice Guerra, F. Parisi, Daniel Pi","doi":"10.1017/S1744137421000837","DOIUrl":"https://doi.org/10.1017/S1744137421000837","url":null,"abstract":"Abstract This is the second of two companion papers that discuss accidents caused by robots. In the first paper (Guerra et al., 2021), we presented the novel problems posed by robot accidents, and assessed the related legal approaches and institutional opportunities. In this paper, we build on the previous analysis to consider a novel liability regime, which we refer to as ‘manufacturer residual liability’ rule. This makes operators and victims liable for accidents due to their negligence – hence, incentivizing them to act diligently; and makes manufacturers residually liable for non-negligent accidents – hence, incentivizing them to make optimal investments in R&D for robots' safety. In turn, this rule will bring down the price of safer robots, driving unsafe technology out of the market. Thanks to the percolation effect of residual liability, operators will also be incentivized to adopt optimal activity levels in robots' usage.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"553 - 568"},"PeriodicalIF":2.2,"publicationDate":"2021-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49650428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
JOI volume 17 issue 5 Cover and Back matter JOI第17卷第5期封面和封底
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-10-01 DOI: 10.1017/s1744137421000424
{"title":"JOI volume 17 issue 5 Cover and Back matter","authors":"","doi":"10.1017/s1744137421000424","DOIUrl":"https://doi.org/10.1017/s1744137421000424","url":null,"abstract":"","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"17 1","pages":"b1 - b3"},"PeriodicalIF":2.2,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49049800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Late colonial antecedents of modern democracy 近代民主的后期殖民时代背景
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-09-28 DOI: 10.1017/S1744137421000734
C. Bjørnskov, Martin Rode
{"title":"Late colonial antecedents of modern democracy","authors":"C. Bjørnskov, Martin Rode","doi":"10.1017/S1744137421000734","DOIUrl":"https://doi.org/10.1017/S1744137421000734","url":null,"abstract":"Abstract Claims that colonial political institutions fundamentally affected the probability for democratic governance in the post-colonial period are probably among some of the most contested in institutional analysis. The current paper revisits this literature using a previously unused source of empirical information – the Statesman's Yearbook – on a large number of non-sovereign countries in the immediate aftermath of World War II. Our analysis shows that neither the size of the European population nor the existence of institutions of higher education appear to be important for the subsequent democratisation of countries decolonised during the latter half of the 20th century, while the existence of representative political bodies during the late colonial period clearly predicts the existence and stability of democracy in recent decades. Successful transplants of democracy to former colonies thus seem to crucially depend on whether recipients had time available to experiment around and adjust the imported institutions to local practices.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"569 - 586"},"PeriodicalIF":2.2,"publicationDate":"2021-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48991142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
JOI volume 17 issue 5 Cover and Front matter JOI第17卷第5期封面和封面问题
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-09-20 DOI: 10.1017/s1744137421000412
G. Hodgson, R. Langlois
{"title":"JOI volume 17 issue 5 Cover and Front matter","authors":"G. Hodgson, R. Langlois","doi":"10.1017/s1744137421000412","DOIUrl":"https://doi.org/10.1017/s1744137421000412","url":null,"abstract":"","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":"f1 - f3"},"PeriodicalIF":2.2,"publicationDate":"2021-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48843736","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Introduction to the special issue on institutions and culture in economic contexts 介绍经济背景下的制度和文化特刊
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2021-09-14 DOI: 10.1017/S1744137421000710
Luca Andriani, Randolph Luca Bruno
{"title":"Introduction to the special issue on institutions and culture in economic contexts","authors":"Luca Andriani, Randolph Luca Bruno","doi":"10.1017/S1744137421000710","DOIUrl":"https://doi.org/10.1017/S1744137421000710","url":null,"abstract":"Abstract The need of further research on the interlink between culture and institutions has been strongly advocated by economists and institutionalists alike. However, bringing together culture and institutions within an organic framework, though, is a non-trivial operation. This is due to the complexity of the synergies between cultural aspects and institutional devices. This special issue attempts to start filling this gap and to build an ad-hoc systemic platform for disseminating such a debate. To this purpose, it brings together an organic collection of contributions in well-established conceptualisations of both culture and institutions, supported by robust and consistent methodological applications. The essays presented in this work provide consistent evidence and conceptual perspectives supporting the idea that the synergies between cultural and institutional aspects are of paramount importance to understand human behaviour, individuals' choices and societies' patterns. They also improve the theoretical, empirical and methodological understanding of the role of institutions and culture in different geopolitical and socio-economic realms. By doing so, these contributions place this special issue as prelude to further research on the co-evolution of culture and institutions and on its possible implications on different societal aspects, human development and well-being.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"18 1","pages":"1 - 14"},"PeriodicalIF":2.2,"publicationDate":"2021-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"56950345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
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