Skip to main content
SpringerLink
Log in
Book cover

Encyclopedia of Law and Economics pp 1–5Cite as

Governance

  • 87 Accesses

Definition

“Governance” is a concept that has emerged to salience at the interdisciplinary interface of several fields relevant for law and economics. A typical governance situation involves not just formal institutions but informal ones, social norms and rules, law, legislation and economic incentives, regulations and enforcement, arbitration and conflict resolution mechanisms, preference aggregation procedures, values and perceptions, and path dependent elements. In the diverse literatures dealing with these phenomena, several major modes of using the notion of “governance” have emerged: governance as describing a recently emerging phenomenon transcending the traditional regulatory, administrative, and public/private choice interface functions of modern states; governance as a functional domain – structures and functions operating in relationship to commons, natural resources and specific collective goods production, management and consumption processes; governance as a theoretical...

This is a preview of subscription content, log in via an institution.

References

  • Buchanan JM (1967) Public goods in theory and practice: a note on the Minasian-Samuelson discussion. J Law Econ 10:193–197

    Article  Google Scholar 

  • Coase RH (1992) The institutional structure of production. Am Econ Rev 82(4):713–719

    Google Scholar 

  • Ferlie E, Lynn LE, Pollitt C (2007) The Oxford handbook of public management. Oxford University Press, Oxford

    Book  Google Scholar 

  • Levi-Faur D (ed) (2012) The Oxford handbook of governance. Oxford University Press, New York

    Google Scholar 

  • Maskin ES (2008) Mechanism design: how to implement social goals. Am Econ Rev 98(3):567–576

    Article  Google Scholar 

  • Ostrom E (1990) Governing the commons: the evolution of institutions for collective action. Cambridge University Press, Cambridge, UK

    Book  Google Scholar 

  • Ostrom E, Ostrom V (2004) The quest for meaning in public choice. Am J Econ Sociol 63(1):105–147

    Article  Google Scholar 

  • Peters BG, Pierre J (1998) Governance without government? Rethinking public administration. J Public Adm Res Theory 8(2):223–243

    Article  Google Scholar 

  • Williamson OE (1979) Transaction-cost economics: the governance of contractual relations. J Law Econ 22(2):233–261

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Mercatus Center, George Mason University, Fairfax, VA, USA

    Paul Dragos Aligica

Authors
  1. Paul Dragos Aligica
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Paul Dragos Aligica .

Editor information

Editors and Affiliations

  1. Montpellier, France

    Alain Marciano

  2. Dept DiGSPES, Univ del Piemonte Orientale Dept DiGSPES, Alessandria, Italy

    Giovanni Battista Ramello

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer Science+Business Media, LLC, part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Aligica, P.D. (2018). Governance. In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_213-1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_213-1

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, New York, NY

  • Print ISBN: 978-1-4614-7883-6

  • Online ISBN: 978-1-4614-7883-6

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

Publish with us

Policies and ethics

Chapter history

  1. Latest

    Governance
    Published:
    24 March 2021

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_213-2

  2. Original

    Governance
    Published:
    14 March 2018

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_213-1

Search

Navigation