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Toward a Comparative Institutional Analysis
     

Toward a Comparative Institutional Analysis

by Masahiko Aoki
 

ISBN-10: 0262011875

ISBN-13: 9780262011877

Pub. Date: 11/30/2001

Publisher: MIT Press

Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance. Examples include the demise of the communist

Overview

Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance. Examples include the demise of the communist states, the emergence of Silicon Valley and e-commerce, the European currency unification, and the East Asian financial crises.

In this book Masahiko Aoki uses modern game theory to develop a conceptual and analytical framework for understanding issues related to economic institutions. The wide-ranging discussion considers how institutions evolve, why their overall arrangements are robust and diverse across economies, and why they do or do not change in response to environmental factors such as technological progress, global market integration, and demographic change.

Product Details

ISBN-13:
9780262011877
Publisher:
MIT Press
Publication date:
11/30/2001
Series:
Comparative Institutional Analysis
Edition description:
New Edition
Pages:
560
Sales rank:
1,120,792
Product dimensions:
7.00(w) x 9.00(h) x 1.25(d)
Age Range:
18 Years

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