New Institutional Economics

Institutions Frame Behaviors And Exchanges In Markets Business Networks Communities And Organizations Throughout The World. Thanks To The Pioneering Work Of Ronald Coase Douglas North And Olivier Williamson Institutions Are Now Recognized As Being A Key Factor In Explaining Differences In Performance Between Industries Nations And Regions. The Fast-Growing Field Of New Institutional Economics Analyzes The Economics Of Institutions And Organizations Using Methodologies Concepts And Analytical Tools From A Wide Range Of Disciplines (Including Political Science Anthropology Sociology Management Law And Economics). With Contributions From An International Team Of Researchers New Institutional Economics Provides Theoreticians Practitioners And Advanced Students In Economics And Social Sciences With A Guide To The Many Recent Developments In The Field. It Explains The Underlying Methodologies Identifies Issues And Questions For Future Research And Shows How Results Apply To Decision Making In Law Economic Policy Management Regulation And Institutional Design.