Evolution of Markets and Institutions

A Study of an Emerging Economy
1. Auflage 2009
ISBN: 978-0-415-49403-8
Verlag: Routledge

Buch, Englisch, 364 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 553 g

Reihe: Routledge Studies in Development Economics

The new institutional economics has been one of the most influential schools of thought to emerge in the past quarter century. Taking its roots in the transaction cost theory of the firm as an economic organization rather than purely a production function, it has been developed further by scholars such as Oliver Williamson, Douglas North and their followers, leading to the rich and growing field of the new institutional economics.

This branch of economics stresses the importance of institutions in the functioning of free markets, which include elaborately defined and effectively enforced property rights in the presence of transaction costs, large corporate organizations with agency and hierarchical controls, formal contracts, bankruptcy laws, and regulatory institutions. In this timely volume, Murali Patibandla applies some of the precepts of the new institutional economics to India - one of the world's most promising economies.

Zielgruppe

Postgraduate and Professional

Autoren/Hrsg.

Patibandla, Murali

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensorganisation & Entwicklungsstrategien

Inhaltsverzeichnis

1. Introduction 2. The Conceptual Framework 3. Initial Conditions and Policy Reforms 4. Direction of Structural Changes 5. Competitive Dynamics 6. Technological Change 7. Organizational Change 8. Evolution of Public and Private Order Institutions. Conclusion. References.

Über Autor(innen)

Murali Patibandla