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Institutional Design

  • Book
  • © 1995

Overview

Authors:
  1. David L. Weimer

    1. Lingnan College, Hong Kong
      University of Rochester, USA

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Part of the book series: Recent Economic Thought (RETH, volume 43)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-x
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  2. Institutional Design: Overview

    • David L. Weimer
    Pages 1-16

  3. The Design of Institutions: An Agency Theory Perspective

    • Jeffrey S. Banks
    Pages 17-36

  4. Caveat Emptor: Institutions, Contracts and Commodity Exchanges in Russia

    • Timothy Frye
    Pages 37-62

  5. The Rational Choice Theory of Institutions: Implications for Design

    • Randall L. Calvert
    Pages 63-94

  6. Conventions and Norms in Institutional Design

    • Patrick Croskery
    Pages 95-112

  7. Institutions for the Settlement of Trade Disputes: The Case of the Canada-United States Free Trade Agreement

    • Kenneth B. Woodside
    Pages 113-132

  8. The Two Traditions of Institutional Designing: Dialogue Versus Decision?

    • Stephen H. Linder, B. Guy Peters
    Pages 133-160

  9. Policy Networks and Governance

    • Johan A. de Bruijn, Ernst F. ten Heuvelhof
    Pages 161-179

  10. Back Matter

    Pages 181-187
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Keywords

About this book

Policy scientists have long been concerned with understanding the basic tools, or instruments, that governments can use to accomplish their goals. The initial interest in inductively developing comprehensive lists of generic instruments for policy analysis soon gave way to efforts to discover more parsimonious, but still useful, specifications of the elementary components out of which instruments can be assembled. Moving from a generic instrument to a fully specified policy alternative, however, requires the designer to go much beyond the elementary components. Rather than directly specifying some of these details, the designer may instead set the rules by which they will be specified. The creation of these specifications and rules can be thought of as institutional design. This book helps scholars and policy analysts formulate more effective policy alternatives by a better understanding of institutional design.
The feasibility and effectiveness of policies depend on the political, economic, and social contexts in which they are embedded. These contexts provide an environment of existing institutions that offer opportunities and barriers to institutional design. A fundamental understanding of institutional design requires theories of institutions and institutional change. With a resurgence of interest in institutions in recent years, there are many possible sources of theory. The contributors to this volume draw from the variety of sources to identify implications for understanding institutional design.

Authors and Affiliations

  • Lingnan College, Hong Kong

    David L. Weimer

  • University of Rochester, USA

    David L. Weimer

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