Discrete institutional alternatives: Theoretical and policy issues (Celebrating the 80th anniversary of Ronald Coase's “Nature of the Firm”)

Research Article

Russian Journal of Economics 3(2): 200-220
https://doi.org/10.1016/j.ruje.2017.06.005 (31 May 2017)

Other versions:

Article title
Abstract
Keywords
1. Introduction
2. At the crossroads of institutional research fields
3. Some critical issues
4. Revisiting the approach of transaction cost economics
5. Imperfection(s) of second-order institutions
6. Illustrating some of the arguments
- 6.1. Lessons from the “pipe cases” (2011–2015)
- 6.2. Commercial real estate lease agreements with a “foreign exchange component in the price”
- 6.3. Mechanisms of governance in highly concentrated markets with high bilateral switching costs
7. Wrapping it up
References