I.C.N.I.E.

Sumber: NBER.org

This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a framework to analyze the interaction between governments and investors fundamentally, but not exclusively, in utility industries.

TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics, it places emphasis in understanding the nature of the hazards inherent to these interactions.

The emphasis on transactional hazards requires a microanalytical perspective, where performance assessment is undertaken within the realm of possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance of public / private interactions.

The paper discusses two fundamental hazards and their organizational implications: governmental and third party opportunism. Both interact to make regulatory processes and outcomes more rigid, formalistic, and prone to conflict than envisioned by relational contracting.

Download: Transaction Cost Regulation, oleh Pablo T. Spiller.

Sumber: cniss.wustl.edu

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UPDATE: Download dan baca versi terbarunya: The New Institutional Economics- Its Start, Its Meaning , Its Prospects -

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Apakah arti dari New Institutional Economics? Dari manakah kemunculannya dan bagaimana prospeknya? Download dan baca tulisan The New Institutional Economics- Its Start, Its Meaning , Its Prospects - yang disusun oleh Rudolf Richter.

Substansi isinya relatif lengkap, tetapi mohon untuk dicermati secara hati-hati karena masih bersifat For discussion only! dan Please do not quote.

Substansi isinya juga membahas beberapa teori, yang umum dikategorikan dalam pokok bahasan NIE, yaitu:

1. property rights economics,
2. transaction cost economics,
3. evolutionary economics,
4. constitutional choice,
5. collective action theory,
6. public choice theory,
7. economic contract theory, dan
8. new institutional economic history.