Alternative Institutional Structures by Sandra Batie
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Alternative Institutional Structures
By Sandra Batie

Alternative Institutional Structures

Evolution and Impact

Edited by See other recent books by Sandra Batie See other recent books by Nicholas Mercuro
Format: Hardback

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Alternative Institutional Structures by Sandra Batie

Book Description

In the spring on 2006, a workshop was held at Michigan State University to honour the career of A. Allan Schmid and his writings about how institutions evolve and how alternative institutions, including property rights, shape political relationships and impact economic performance. This edited book is the outcome of the workshop. It is a collection of original essays that explores several approaches to understanding the impact of alternative legal-economic institutions. The collection investigates questions such as: What are the similarities and differences among the various strands and approaches? Could parts of the different approaches be integrated to achieve greater insight into economic behaviour? Do different analytical problems require different approaches? Are the various strands of institutionalism actually saying the same things, but using different language and perspective? In gathering together authors who represent different approaches or strands of institutionalism, this book addresses several different issues such as transactions as the unit of observation, bounded rationality and learning, power issues embedded in the concept of efficiency, comparative empirical analysis, multiple equilibria and institutional diversity within a given environment, specification of institutional rules and structures, evolutionary perspectives, decentralized processes, and the significance of historical content.

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Book Details

ISBN: 9780415774789
ISBN-10: 0415774780
Format: Hardback
(234mm x 156mm x 30mm)
Pages: 448
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 16-Jun-2008
Country of Publication: United Kingdom

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Books By Author Sandra Batie

Alternative Institutional Structures by Sandra Batie Alternative Institutional Structures, Paperback (June 2014)

This, the outcome of a workshop at Michigan State University on the career of A. Allan Schmid, offers a collection of original essays that explore several approaches to understanding the impact of alternative legal-economic institutions.

» View all books by Sandra Batie

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Author Biography - Sandra Batie

Sandra S. Batie is Elton R. Smith Professor in Food and Agricultural Policy, Department of Agricultural Economics, Michigan State University and Fellow of the American Agricultural Economics Association Nicholas Mercuro is Professor of Law in Residence at the Michigan State University College of Law and member of the faculty of MSU's James Madison College and founder and co-editor of The Economics of Legal Relationships series with Routledge.

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