Empirical Studies in Institutional Change

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The contributors to this volume analyze institutions and institutional change, concerned with issues ranging from the evolution of secure markets in seventeenth century England to the origins of property rights in airport slots in modern America.
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Product Details

Table of Contents

List of contributors
Series editors' preface
Introduction 1
A note on the economics of institutions 6
Empirical work in institutional economics: an overview 25
1 Toward an understanding of property rights 31
Economic variables and the development of the law: the case of western mineral rights 34
2 Impediments to institutional change in the former Soviet system 59
Why economic reforms fail in the Soviet system: a property rights - based approach 63
3 Transaction costs and economic development 92
Public institutions and private transactions: a comparative analysis of the legal and regulatory environment for business transactions in Brazil and Chile 95
4 The evolution of modern institutions of growth 129
Constitutions and commitment: the evolution of institutions governing public choice in seventeenth-century England 134
5 Regulation in a dynamic setting 166
The political economy of controls: American sugar 169
6 Price controls, property rights, and institutional change 219
Roofs or stars: the stated intents and actual effects of a rents ordinance 224
7 Regulating natural resources: the evolution of perverse property rights 244
Legally induced technical regress in the Washington salmon fishery 247
8 The politics of institutional change in a representative democracy 280
A political theory of the origin of property rights: airport slots 283
9 The economics and politics of institutional change 304
Paternalism in agricultural labor contracts in the U.S. South: implications for the growth of the welfare state 307
Epilogue: economic performance through time 342
Author index 357
Subject index 359
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