Economics

Toward a Comparative Institutional Analysis

Name: Toward a Comparative Institutional Analysis
Brand: MIT Press
SKU: 9780262550833
Price: 8657.00 INR
Availability: InStock
ISBN: 9780262550833

Contributor(s): Aoki, Masahiko Author Format: Paperback

Paperback · ISBN 9780262550833

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Key Specifications

ISBN	9780262550833
Publisher	MIT Press
Publication date	December 2023
Language	English
MRP	£61.63 GBP
Page count	482
Item weight	165 g

A conceptual and analytical framework for understanding economic institutions and institutional change.

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.

Toward a Comparative Institutional Analysis

Key Specifications

Aoki, Masahiko Author

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