Posiciones legales y complementariedades institucionales
Legal positions (such as rights, duties, liberties, powers, liabilities and immunities) are linked together by strong institutional complementarities that differ from the usual institutional complementarities that have been recently considered in economic literature. Legal positions not only satisfy the usual conditions of institutional complementarity stemming from the fact that legal positions that “fit” together are marginally better than those that do not. They also define legal equilibria characterized by the social scarcity constraint that is typical of positional goods.
Volume (Year): 5 (2003)
Issue (Month): 9 (July-December)
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References listed on IDEAS
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- Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
- Pagano, U, 1983. "Profit Maximization, Industrial Democracy and the Allocation of Labour," The Manchester School of Economic & Social Studies, University of Manchester, vol. 51(2), pages 159-183, June.
- Ugo Pagano, 1999. "The Origin of Organizational Species," Working Papers wp118, Centre for Business Research, University of Cambridge.
- Pagano, Ugo, 2000.
"Public markets, private orderings and corporate governance,"
International Review of Law and Economics,
Elsevier, vol. 20(4), pages 453-477, December.
- Ugo Pagano, 2000. "Public Markets, Private Orderings and Corporate Governance," Working Papers wp166, Centre for Business Research, University of Cambridge.
- Milgrom, Paul & Roberts, John, 1990. "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities," Econometrica, Econometric Society, vol. 58(6), pages 1255-1277, November.
- Pagano, Ugo & Rowthorn, Robert, 1994. "Ownership, technology and institutional stability," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 221-242, December. Full references (including those not matched with items on IDEAS)
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