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Cited by 1,480Economic Theory and InstitutionsCulture, Economy, and Development StudiesExperimental Behavioral Economics Studies

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Toward a Comparative Institutional Analysis

Aoki, Masahiko·2001·The MIT Press eBooks
DOI 10.7551/mitpress/6867.001.0001
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Abstract

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.

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Metadata

Authors
Aoki, M.
Affiliations
Stanford University (US)
Corresponding author
Aoki, Masahiko
ORCID
Aoki, Masahiko
Venue
The MIT Press eBooks
Publisher
The MIT Press
Published
2001-11-09
DOI
10.7551/mitpress/6867.001.0001
OpenAlex
W3143200038
Cited by
1,480
References
0
Citations by year
2026: 104 · 2025: 57 · 2024: 42 · 2023: 73 · 2022: 60 · 2021: 81 · 2020: 76 · 2019: 76 · 2018: 52 · 2017: 60 · 2016: 56 · 2015: 53 · 2014: 59 · 2013: 53 · 2012: 63
FWCI
42.50
Type
book
Language
en
Open access
closed
Locations
The MIT Press eBooks (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
  • Social Sciences › Development › Culture, Economy, and Development Studies
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Experimental Behavioral Economics Studies
Keywords
economic institutions, institutional change, comparative institutional analysis, market mechanisms, game theory, institutional robustness, institutional diversity, technological progress, international market integration, demographic change, post-communist transition, e-commerce

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