The standard neoclassical model of economics is incapable of explaining why one form of
organization arises over another. It is a model where transaction costs are implicitly …

In the field of management science and business administration, the case method is gaining
ground in research and in teaching. Case studies support on the one hand exploratory …

Constitutional political economy has emerged as an indispensable part of political economy.
This book offers a concise survey of the questions, methods, and empirical findings central …

Social movements have been implicated in long-term societal transformations, helping bring
about political democratization, economic freedom, and social equality. In recent years …

The article analyzes how economic theory usually investigates corruption. It describes the
main traditional economic theories dealing with this issue—principal-agent theory (agency …

New institutional economics (NIE) is a powerful tool for understanding real world
phenomena. This Advanced Introduction explores NIE's answers to fundamental questions …

Economics was often unable so far to grasp the deep meaning of these events and update
or rethink appropriately its mainstream. Comparative economic systems produced fine and …

We investigate empirically how electoral democracy and judicial independence relate to
personal freedom. While judicial independence is positively and robustly related to personal …

Purpose This study aims to investigate the implications of natural gas rents and institutions
as co-drivers of economic growth, focusing on the Gas Exporting Countries Forum (GECF) …

Strong user rights in fisheries are fundamental drivers of efficiency and profitability in the
utilization of those resources. These user rights refer to the rights of fishers to harvest from …