(Monday, 21st May 2007)
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A brief overview of the working of informal institutions of property right protection and contract enforcement, such as information networks, sanctioning norms, and private ordering. Discussion of the limitations of informal governance, and the process of transition toward formal state governance. Empirical studies are interpreted in the light of theoretical models.
Bibliographical references :
Avinash Dixit, "Economic Governance". Article to appear in S. Durlauf and L. E. Blume eds., The New Palgrave Dictionary of Economics, Palgrave Macmillan, 2007.
(Available at http://www.princeton.edu/~dixitak/home/wrkps.html).
Avinash Dixit, Lawlessness and Economics, Princeton University Press, 2004.
(Chapter 1 is available at http://press.princeton.edu/titles/7729.html).
Avner Greif, Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, Cambridge University Press, 2006.
(Introduction available at http://www-econ.stanford.edu/faculty/greifhp.html).
(Monday, 21st May 2007)
Bibliographical references :
Avinash Dixit 2007, Selecting Caring Bureaucrats (supplement to Predatory States and Failing States), mimeo.
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Avinash Dixit 2006, Predatory States and Failing States: An Agency Perspective, mimeo.
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