ECON224 Field Exam Papers

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The following papers were selected for study for ECON224 'Institutions' by Egan and Hernandez(listed in the order that they appeared in class):

  • North, Douglass (1991). "Institutions", Journal of Economic Perspectives pdf
  • Williamson, Oliver (2000), "New Institutional Economics: Taking Stock, Looking Ahead", Journal of Economic Literature pdf
  • Klein, Benjamin Robert, G. Crawford, and Armen A. Alchian (1978), "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process", Journal of Law and Economics, Vol. 21, No. 2. (Oct.), pp. 297-326 pdf
  • Williamson, Oliver, (1983), "Credible Commitments: Using Hostages to Support Exchange", The American Economic Review, Vol. 73, No. 4. pp. 519-540 pdf
  • Williamson, Oliver (1991), "Comparative Economic Organization: The Analysis of Discrete Structural Alternatives", Administrative Science Quarterly, Vol. 36, No. 2. pp. 269-296 pdf
  • Alchian, Armen A. and Harold Demsetz (1972), "Production, Information Costs, and Economic Organization", The American Economic Review, Vol. 62, No. 5. (Dec.), pp. 777-795 pdf
  • Coase, Ronald (1937), "The Nature of the Firm", Economica. pdf
  • Williamson, Oliver (1979), "Transaction-Cost Economics: The Governance of Contractual Relations", Journal of Law and Economics, Vol. 22, No. 2. (Oct.), pp. 233-261. pdf
  • Gibbons, Robert (2004), "Four Formal(izable) Theories of the Firm?" (September 16). MIT Department of Economics Working Paper No. 04-34. pdf
  • Grossman, Sanford J. and Oliver D. Hart (1986), "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration", The Journal of Political Economy, Vol. 94, No. 4. pp. 691-719. pdf
  • Whinston (2003), "On the Transaction Costs Determinants of Vertical Integration", The Journal of Law, Economics and Organization, Vol. 19, No. 1 pdf
  • Monteverde, Kirk and David J. Teece (1982), "Supplier Switching Costs and Vertical Integration in the Automobile Industry", The Bell Journal of Economics, Vol. 13, No. 1. pp. 206-213 pdf
  • Baker, George, and Thomas N. Hubbard (2003), "Make Vs. Buy in Trucking: Asset Ownership, Job Design, and Information", American Economic Review, pp. 551-572. pdf
  • Garicano, Luis (2000), "Hierarchies and the Organization of Knowledge in Production", The Journal of Political Economy, Vol. 108, No. 5. (Oct.), pp. 874-904. pdf
  • Lafontaine, Francine and Kathryn L. Shaw (1999), "The Dynamics of Franchise Contracting: Evidence from Panel Data", The Journal of Political Economy, Vol. 107, No. 5. (Oct.), pp. 1041-1080. (Optional Reading) pdf
  • Holmstrom, Bengt and Paul Milgrom (1991), "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design", Journal of Law, Economics, & Organization, Vol. 7, Special Issue: Papers from the Conference on the New Science of Organization, January, pp. 24-52. pdf
  • Anderson, Erin (1988), "Strategic Implications of Darwinian Economics for Selling Efficiency and Choice of Integrated or Independent Sales Forces," Management Science, 34 (May), 599-618. pdf
  • Baker, G, R Gibbons, and K.J. Murphy (1999), "Informal Authority in Organizations", Journal of Law, Economics & Organization, 15, March pp. 56-73. pdf
  • Gibbons, R. (1998), "Incentives in Organizations.", Journal of Economic Perspectives, 12, pp. 115-32 (especially pp. 115-23). pdf
  • Prendergast. C. (1999), "The Provision of Incentives in Firms.", Journal of Economic Literature, 37, 7-63 pdf
  • Spiller, Pablo (1990), "Politicians, Interest Groups, and Regulators: A Multiple-Principals Agency Theory of Regulation, or Let Them Be Bribed", Journal of Law and Economics, Vol. 33, No. 1. (Apr.), pp. 65-101. pdf
  • Williamson, Oliver E. (1999), "Public and Private Bureaucracies: A Transaction Costs Economics Perspective", Journal of Law, Economics and Organization, Vol 15, March pp. 306-342. pdf
  • Prendergast, Canice (2003), "The Limits of Bureaucratic Efficiency", Journal of Political Economy. pdf
  • McCubbins, Mathew D. and Thomas Schwartz (1984), "Congressional Oversight Overlooked: Police Patrols versus Fire Alarms", American Journal of Political Science, Vol. 28, No. 1 (Feb.), pp. 165-179. pdf
  • Demsetz, Harold (1968), "Why Regulate Utilities", Journal of Law and Economics, 11, April, pp. 55-56. pdf
  • Williamson, Oliver E. (1976), "Franchise Bidding for Natural Monopolies-in General and with Respect to CATV", The Bell Journal of Economics, Vol. 7, No. 1 (Spring), pp. 73-104. pdf
  • Levy, Brian and Pablo Spiller (1994), "The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation", The Journal of Law, Economics and Organization, October, pp. 201-246. pdf
  • Spiller, Pablo T. and Rafael Gely (1992), "Congressional Control or Judicial Independence: The Determinants of U.S. Supreme Court Labor-Relations Decisions, 1949-1988", The RAND Journal of Economics, Vol. 23, No. 4 (Winter), pp. 463-492. pdf
  • McCubbins, Matt, Roger Noll and Barry Weingast (1987), "Administrative Procedures as Instruments of Control", JLEO, pp. 243-277. pdf
  • De Figueiredo, Rui, Pablo T. Spiller, and Santiago Urbiztondo (1999), "An informational perspective on administrative procedures", Journal of Law Economics and Organization, March, pp. 283-305. pdf

The following additional papers were selected by Shelef, Thompson, et al.:

  • Garicano, Luis (2000), "Hierarchies and the Organization of Knowledge in Production", The Journal of Political Economy, Vol. 108, No. 5. (Oct.), pp. 874-904. pdf
  • Weingast and Marshall (1988), "The Industrial Organization of Congress",Journal of Political Economy, vol. 96, pp. 132-163. pdf