New Institutional Economics

Eric Brousseau is Professor of Economics at the University of Paris X and Director of EconomiX, a research center jointly operated by the University of Paris X and the CNRS (French National Science Foundation). Jean-Michel Glachant is Professor of Economics and Head of the Electricity Reforms Group in the ADIS research center, University of Paris-Sud XI.

'The New Institutional Economics is an exciting and active research field, and a comprehensive guide to its achievements and future prospects has been long overdue. This book admirably fills this need. Chapters written by experts in various subfields are complemented by excellent commentaries by Oliver Williamson and the editors. New entrants to the field can use it almost as a textbook; practitioners will use it to reinforce their knowledge and as a great reference tool.' Avinash Dixit, John J. F. Sherrerd '52 University Professor of Economics, Princeton University

• List of figures; List of tables; List of contributors; Acknowledgments; Foreword Oliver E. Williamson; A Road Map for the Guidebook Eric Brousseau and Jean-Michel Glachant; Introductory Chapter - New Institutional Economics: a Report Card Paul L. Joskow; Part I. Foundations: 1. The Theories of the Firm PIERRE GARROUSTE and STEPHANE SAUSSIER; 2. Contracts: From Bilateral Sets of Incentives to the Multi-Level Governance of Relations ERIC BROUSSEAU; 3. Institutions and the Institutional Environment JOHN NYE; 4. Human nature and institutional analysis BENITO ARRUNADA; Part II. Methodology: 5. The 'Case' for Case Studies in the New Institutional Economics LEE J. ALSTON; 6. New Institutional Econometrics: The Case of Research on Contracting and Organization MICHAEL E. SYKUTA; 7. Experimental methodology to inform New Institutional Economics Issues STEPHANE ROBIN and CARINE STAROPOLI; 8. Game Theory and Institutions THIERRY PENARD; Part III. Strategy and Management: 9. New-Institutional Economics, Organization and Strategy JACKSON NICKERSON and LYDA BIGELOW; 10. Inter-firm Alliances: A New Institutional Economics Approach JOANNE E. OXLEY and BRIAN S. SILVERMAN; 11. Governance Structure and Contractual Design in Retail Chains EMMANUEL RAYNAUD; Part IV. Industrial Organization: 12. Make or buy decisions: a NIE approach MANUEL GONZALEZ-Diaz and LUIS VAZQUEZ; 13. Transaction Costs, Property Rights, and the Tools of the New Institutional Economics: Water Rights and Water Markets GARY D. LIBECAP; 14. Contracting and Organization in Food and Agriculture MICHAEL L. COOK, PETER G. KLEIN and CONSTANTINE ILIOPOULOS; Part V. Institutional Design: 15. Buy, lobby or sue: interest group participation in policy making – a selective survey PABLO T. SPILLER and SANNY LIAO; 16. Regulation and Deregulation in network industry JEAN-Michel GLACHANT and YANNICK PEREZ; 17. Constitutional Political Economy – Analyzing the most basic layer of formal institutions STEFAN VOIGT; 18. New Institutional Economics and its Application on Transition and Developing Economies SONJA OPPER; Part VI. Challenges to Institutional Analysis: 19. Law and Economics in Retrospect ANTONIO NICITA and UGO PAGANO; 20. The Theory of the Firm and Its Critics: a Stocktaking and an Assessment NICOLAI J. FOSS and PETER G. KLEIN; 21. The Causes of Institutional Inefficiency: A Development Perspective JEAN- PHILIPPE PLATTEAU; References; Index.