Institutional Economics Syallabus
Unit- II - Main Reading:
C. Menard and M.
Shirley (eds.), Handbook of New Institutional Economics. Springer. 2005
Eggertson Thr. Institutions and Economic Behavior. Ch.1, pp.1-32.
Elster J. Social Norms and Economic Theory. 3 Journal of Economic Perspectives,
pp. 99-117 (1989).
North D. Institutions, Institutional Change and Economic Performance.
Cambridge University Press, 1990, Ch.5, 6, 7.
Posner R. Social Norms and the Law: an Economic Approach. 87 American
Economic Review, pp. 365-369 (1997).
Supplementary reading:
Сooter R. The Theory of Market Modernization of Law. 16
International Review of Law and Economics, pp. 141-172 (1996).
Ellickson R. The Aim of Order Without Law. 150 Journal of Institutional
and Theoretical Economics, pp. 97-100 (1994).
Eggertson Thr. Neoinstitutional Economics. In: Newman P. The New
Palgrave Dictionary of Economics and the Law. Vol. 2, pp. 665-670.
Guinnane T. A Failed Transplant: Raiffeisen Credit Cooperatives in
Ireland 1894-1914. p. 31 Exploration in Economic History, pp. 38-61 (1994)
Posner E. Efficient Norms. In : Newman P. The New Palgrave Dictionary of
Economics and the Law. Macmillan Reference, 1998, Vol. 2, pp. 20-24.
Posner E. Social Norms and the Law, Harvard University Press, Cambridge,
Mass., 2000; Ch.2 A Model of Cooperation and the Production of Social Norms.
Posner R., Rasmusen E. Creating and Enforcing Norms, with Special
Reference to Sanctions. International Review of Law and Economics, 1999, Vol.
19, pp. 369-382.
Ullman-Margalit E. The Emergence of Norms. Oxford, Clarendon Press,
1977. Ch.1, 2, 3,4.
Young P. H. The Economics of Convention. 10 Journal of Economic Perspectives, pp. 105 -122 (1996).
Unit- III - Main reading:
Barzel Y. Measurement Cost and the Organization of Markets. 25 Journal of
Law and Economics, pp. 27-48 (1982).
Coase R. The Nature of the Firm. 4 Economica, pp. 386-405 (1937).
Dahlman C. The Problem of Externality. 22 Journal of Law and Economics,
pp. 141-162 (1979).
Milgrom P., Roberts J. Economics, Organization and Management. -
Prentice-Hall Int., 1992. Ch.2, pp. 19-35, Ch.5, pp.147-149, Ch.8, pp. 259-269.
North D. Institutions, Institutional Change and Economic Performance.
Cambridge University Press, 1990, Ch.8.
Supplementary reading:
Greif A. Contract Enforceability and Economic Institutions in Early
Trade: the Maghribi Traders Coalition. The American Economic Review, 1993, Vol.
83, №3, pp. 525-548
Niehans J. Transaction Costs. In: The Palgrave Dictionary of Economics.
London, Macmillan, 1987, pp. 676-679
North D. Institutions. 5 Journal of Economic Perspective, pp. 97-112
(1991).
North D. Integrating Institutional Change and Technical Change in
Economic History. A Transaction Cost Approach. 150 Journal of Institutional and
Theoretical Economics, pp. 609-624 (1994).
Williamson O. The Economic Institutions of Capitalism. The Free Press, N.Y. 1985, Ch.2, pp. 43-67.
Unit-IV - Main reading:
Coase R.H. The Problem of Social Cost. 3 Journal of Law and Economics
1-44 (1960).
Eggertson Thr. Institutions and Economic Behavior. Ch.2, pp. 33-78,
Ch.4, pp. 83-124, Ch.8, pp. 247-280, Ch.9, pp. 281-316.
Milgrom P., Roberts J. Economics, Organization and Management. Ch.9, pp.
288-307.
Varian H. Intermediate Microeconomics. A Modern Approach.4th ed. Ch.31.
Supplementary reading:
Coase, R.: The Lighthouse in Economics, 17(2) Journal of Law and
Economics, p. 357 (1974).
Cooter R. Coase Theorem. In: The New Palgrave: A Dictionary of
Economics. - L., Macmillan, 1987, pp. 457-459.
Demsetz H. Toward the Theory of Property Rights. American Economic
Review. 1967, Vol. 57, pp.349-359.
Demsetz H. When Does the Rule of Liability Matter? Journal of Legal
Studies , 1972, Vol. 1, N 1, pp.13-28.
Ellickson R. The Aim of Order Without Law. 150 Journal of Institutional
and Theoretical Economics, pp. 97-100 (1994).
Farnsworth W. Do Parties to Nuisance Cases Bargain after Judgment? A
Glimpse Inside the Cathedral, 66 University of Chicago Law Review, p. 373
(1999).
Hazlett D. Teaching Tools: a Common Property Experiment with a Renewable
Resource. Economic Inquiry. Vol. 35, Okt. 1997, N 4, pp. 858-861.
Libecap G. Common Property. In: Newman P. The New Palgrave Dictionary of
Economics and the Law. Vol. 1, pp. 317-324.
Olson M. Collective action. In: The New
Palgrave: A Dictionary of Economics. - L., Macmillan, 1987, pp. 474-477.
Olson M. The Logic of Collective Action. Public goods and the Theory of
the Groups. Cambridge: Harvard University Press. 1965.
Rose C. Evolution of Property Rights. In: Newman P. The New Palgrave
Dictionary of Economics and the Law. Vol. 2, pp. 93-98.
Tullock G. Rent-seeking. In: The New Palgrave: A Dictionary of
Economics. - L., Macmillan, 1987, pp. 147-149
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