Předmět Institutional Economics (JEB022)

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Materiál	Typ	Datum	Počet stažení

Sylabus

1. Introduction2. Old institutionalism, emergence of the institutional tradition3. Method of analysis4. Property rights theory, transaction costs5. Contracts, agency costs, information costs6. What are institutions? Types of institutions7. Institutions as collective choices, conceptions of the state8. Social conflict view of institutions (rent seeking)9. Institutions and economic performance10. Norms, culture, social conventions11. Institutional change, path dependence12. Theory of the firm

Literatura

Buchanan, James M. 1982. Order Defined in the Process of its Emergence. +Coase, R. H. 1998. The New Institutional Economics. The American Economic Review 88, No. 2, Papers and Proceedings of the Hundred and Tenth Annual Meeting of the American Economic Association (May, 1998), pp. 72-74. Coase, R. H. 1974. The Lighthouse in Economics. Journal of Law and Economics 17, no. 2 (October 1): 357-376. +Barnett, W., & Block, W. 2007. Coase and Van Zandt on Lighthouses. Public Finance Review 35(6), 710-733. doi:10.1177/1091142107302182 Coase, R. H. 1960. The Problem of Social Cost. Journal of Law and Economics 3 (October 1): 1-44.+Meiners, Roger E. and Bruce Yandle. 1998. Common Law Environmentlaism. Public Choice 94(1-2): 49-66. Hayek, F. A. 1945. The Use of Knowledge in Society. The American Economic Review 35, no. 4: 519-530. +Akerlof, George A. 1970. The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics 84 (3): 488-500. doi:10.2307/1879431. +Leeson, Peter. 2012. Ordeals. Journal of Law and Economics 55(3): 691-714. North, Douglass C. 1991. Institutions. The Journal of Economic Perspectives 5, no. 1 (January 1): 97-112. +Aoki, Masahiko. 2001. Toward a comparative institutional analysis. Part of part 1. Leeson, Peter. 2007. An-arrgh-chy: The Law and Economics of Pirate Organization. Journal of Political Economy 115(6): 1049-1094. Benson, Bruce L. 1984. Rent Seeking from a Property Rights Perspective. Southern Economic Journal 51, no. 2 (October 1): 388-400. doi:10.2307/1057819. +Zahedieh, Nuala. 2010. Regulation, rent-seeking, and the Glorious Revolution in the English Atlantic economy. The Economic History Review 63, no. 4: 865-890. doi: 10.1111/j.1468-0289.2009.00505.x Hall, Joshua C., Russell S. Sobel, and George R. Crowley. 2010. Institutions, Capital, and Growth. Southern Economic Journal 77, No. 2, pp. 385-405. +Wolfers, Justin, Daniel W. Sacks, and Betsey Stevenson. 2013. The New Stylized Facts About Income and Subjective Well-Being. CAMA Working Paper 03/2013.McCloskey, Deirdre. 2006. The Bourgeois Virtues: Part 1 - Apology.+Pejovich, Svetozar. 1999. The Effects of the Interaction of Formal and Informal Institutions on Social Stability and Economic Development. Journal of Markets & Morality 2, no. 2, pp. 164-181. Dutta, Nabamita, Peter T. Leeson, and Claudia R. Williamson. 2013. The Amplification Effect: Foreign Aid’s Impact on Political Institutions. Kyklos 66(2): 208-228. +Liebowitz, Stan J., and Stephen E. Margolis. 2000. Path Dependence. In Bouckaert, Boudewijn and De Geest, Gerrit (eds.), Encyclopedia of Law and Economics, Volume I. The History and Methodology of Law and Economics, Cheltenham, Edward Elgar. Du, Julan, Lu, Yi, and Tao, Zhigang. 2012. Contracting institutions and vertical integration: Evidence from China’s manufacturing firms. Journal of Comparative Economics 40 (1), pp. 89-107. + optional readings

Požadavky

Final exam 50 %Essay 30 %Reader’s diary 20 %

Garant

PhDr. Jiří Schwarz

Vyučující

PhDr. Jiří Schwarz