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Toward a Comparative Institutional Analysis

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  • Masahiko Aoki

    ()
    (Stanford University)

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    Abstract

    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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    Bibliographic Info

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    This book is provided by The MIT Press in its series MIT Press Books with number 0262011875 and published in 2001.

    Volume: 1
    Edition: 1
    ISBN: 0-262-01187-5
    Handle: RePEc:mtp:titles:0262011875

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    Web page: http://mitpress.mit.edu

    Related research

    Keywords: institutional analysis; technological progress; global market integration; demographic change;

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    1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Institutional Economics
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