ENGLISH

Toward a Comparative Institutional Analysis

By Masahiko Aoki

Book information

Publisher
MIT Press
Year
2001
ISBN
0262011875, 9780262011877, 9780585475486
Open Library ID
OL9458647M
Language
english
Format
PDF
Filesize
4 MB (3964785 bytes)
Series
Comparative institutional analysis 2
Edition
1st
Pages
482\482
Scanned
yes
Time added
2010-05-17 00:23:50

Description

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.

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