New Institutional Economics of Markets

Edited by Eirik G. Furubotn, Texas A&M University, US and University of Saarland, Germany and Rudolf Richter, University of Saarland, Germany

• Contents:AcknowledgementsIntroductionEirik G. Furubotn and Rudolf RichterPART IPRECONTRACTUAL ACTIVITIES: SEARCH AND INSPECTION 1. James M. Acheson (1985), ‘The Maine Lobster Market: Between Market and Hierarchy’2. Yoram Barzel (1982), ‘Measurement Cost and the Organization of Markets’3. Roy W. Kenney and Benjamin Klein (1983), ‘The Economics of Block Booking’4. Phillip Nelson (1974), ‘Advertising as Information’5. Joel M. Podolny (1993), ‘A Status-based Model of Market Competition’6. Walter W. Powell (1990), ‘Neither Market Nor Hierarchy: Network Forms of Organization’PART IICONTRACTING: PRICE AND CONTRACT FORMATION7. Dennis W. Carlton (1986), ‘The Rigidity of Prices’8. Harold Demsetz (1969), ‘Information and Efficiency: Another Viewpoint’9. Armen A. Alchian and Susan Woodward (1987), ‘Reflections on the Theory of the Firm’10. Armen A. Alchian (1965), ‘Some Economics of Property Rights’11. Ian R. Macneil (1978), ‘Contracts: Adjustment of Long-Term Economic Relations Under Classical, Neoclassical, and Relational Contract Law’12. Vernon L. Smith (1962), ‘An Experimental Study of Competitive Market Behavior’13. Oliver E. Williamson (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations’PART IIIPOSTCONTRACTUAL ACTIVITIES: EXECUTION, CONTROL AND ENFORCEMENT 14. David P. Baron (2002), ‘Private Ordering on the Internet: The eBay Community of Traders’15. Peter Bernholz (1993), ‘Constitutions as Governance Structures: The Political Foundations of Secure Markets: Comment’16. Avner Greif (1993), ‘Contract Enforceability and Economic Institutions in Early Trade: The Maghribi Traders’ Coalition’17. Avner Greif, Paul Milgrom and Barry R.Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’18. Benjamin Klein and Keith B. Leffler (1981), ‘The Role of Market Forces in Assuring Contractual Performance’19. Anthony T. Kronman (1985), ‘Contract Law and the State of Nature’20. John McMillan and Christopher Woodruff (2000), ‘Private Order Under Dysfunctional Public Order’21. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs ’22. L.G. Telser (1980), ‘A Theory of Self-Enforcing Agreements’23. Barry R. Weingast (1993), ‘Constitutions as Governance Structures: The Political Foundations of Secure Markets’Name Index