La nueva economÃa institucional y la economÃa de los recursos naturales: comunes, instituciones, gobernanza y cambio institucional
AbstractIn recent decades, the New Institutional Economics has brought about the â€œreturn of institutionsâ€ to the economic mainstream, and institutional theory and analysis have been developed from Ronald Coaseâ€™s notion of transaction costs and Douglass Northâ€™s view on institutions. The Nobel Prize award in Economics to Oliver Williamson and Elinor Ostrom in 2009 has pointed out the relevance of the new institutional approach. Natural Resource Economics has included the institutional determinants of the management of natural resources into its research agenda. In this sense, the advances of the New Institutional Economics allows the development of institutional analysis in the field of the Economics of Natural Resources, such as Elinor Ostromâ€™s work has shown. This paper presents an integral and updated perspective of the foundations of the New Institutional Economics that constitute a set of theoretical inputs for the analysis of institutions and governance in the management of natural resources.
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Bibliographic InfoArticle provided by Spanish Association of Agricultural Economists in its journal Economia Agraria y Recursos Naturales.
Volume (Year): 10 (2010)
Issue (Month): 2 ()
Agricultural and Food Policy; Environmental Economics and Policy; B52; Q00; L22;
Find related papers by JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
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