Toward a Comparative Institutional Analysis: 1

Aoki, Masahiko

ISBN 10: 0262011875 / ISBN 13: 9780262011877

Published by MIT Press, 2001

About this Item

This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,1050grams, ISBN:0262011875.

Seller Inventory # 8605873

Bibliographic Details

• Title: Toward a Comparative Institutional Analysis: 1
• Publisher: MIT Press
• Publication Date: 2001
• Language: English
• ISBN 10: 0262011875
• ISBN 13: 9780262011877
• Binding: Soft cover
• Condition: Fair
• Weight: 1050 grams
• Seller catalogs:
  • Economics

About this title

Synopsis

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.

About the Author

Masahiko Aoki is Henri H. and Tomoye Takahashi Professor of Japanese Studies in the Department of Economics at Stanford University.