Competition among Institutions

  • Lüder Gerken

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Institutional Competition: An Orientative Framework

  3. Basic Issues of Institutional Competition

  4. Specific Aspects of Institutional Competition

  5. Back Matter
    Pages 319-332

About this book

Introduction

Economists generally accept that competition discloses knowledge, enhances efficiency and restrains power. However, these effects of competition have so far been discussed mainly with respect to economic markets in which firms and households compete within a given set of institutions, that is within a given legal order. The question arises whether competition may also have comparable effects on the institutional level in the sense of competition among legal orders and thus serve as an antidote to today's problems. The present book addresses some of the fundamental aspects associated with institutional competition and identifies some possible lines for further research on how institutions can compete to bring about social and economic change.

Keywords

competition economic system efficiency evolutionary theory institutions migration research Russia science and technology standardization transformation

Editors and affiliations

  • Lüder Gerken
    • 1
  1. 1.Walter Eucken InstitutFreiburgGermany

Bibliographic information