Changes

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

*North, Douglass (1991). "Institutions", Journal of Economic Perspectives [http://www.edegan.com/pdfs/North%20(1991)%20-%20Institutions.pdf pdf]

*Williamson, Oliver (2000), "New Institutional Economics: Taking Stock, Looking Ahead", Journal of Economic Literature [http://www.edegan.com/pdfs/Williamson%20(2000)%20-%20New%20Institutional%20Economics.pdf 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 [http://www.edegan.com/pdfs/Klein%20Crawford%20Alchian%20(1978)%20-%20Vertical%20Integration%20Appropriable%20Rents%20and%20the%20Competitive%20Contracting%20Process.pdf pdf]

*Williamson, Oliver, (1983), "Credible Commitments: Using Hostages to Support Exchange", The American Economic Review, Vol. 73, No. 4. pp. 519-540 [http://www.edegan.com/pdfs/Williamson%20(1983)%20-%20Credible%20Commitments%20Using%20Hostages%20to%20Support%20Exchange.pdf pdf]

*Williamson, Oliver (1991), "Comparative Economic Organization: The Analysis of Discrete Structural Alternatives", Administrative Science Quarterly, Vol. 36, No. 2. pp. 269-296 [http://www.edegan.com/pdfs/Williamson%20(1991)%20-%20Comparative%20Economic%20Organization%20The%20Analysis%20of%20Discrete%20Structural%20Alternatives.pdf 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 [http://www.edegan.com/pdfs/Alchian%20Demsetz%20(1972)%20-%20Production%20Information%20Costs%20and%20Economic%20Organization.pdf pdf]

*Coase, Ronald (1937), "The Nature of the Firm", Economica. [http://www.edegan.com/pdfs/Coase%20(1937)%20-%20The%20Nature%20of%20the%20Firm.pdf 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. [http://www.edegan.com/pdfs/Williamson%20(1979)%20-%20Transaction%20Cost%20Economics.pdf pdf]

*Gibbons, Robert (2004), "Four Formal(izable) Theories of the Firm?" (September 16). MIT Department of Economics Working Paper No. 04-34. [http://www.edegan.com/pdfs/Gibbons%20(2004)%20-%20Four%20Formalizable%20Theories%20of%20the%20Firm.pdf 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. [http://www.edegan.com/pdfs/Grossman%20Hart%20(1986)%20-%20The%20Costs%20and%20Benefits%20of%20Ownership.pdf pdf]

*Whinston (2003), "On the Transaction Costs Determinants of Vertical Integration", The Journal of Law, Economics and Organization, Vol. 19, No. 1 [http://www.edegan.com/pdfs/Whinston%20(2003)%20-%20On%20the%20Transaction%20Costs%20Determinants%20of%20Vertical%20Integration.pdf 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 [http://www.edegan.com/pdfs/Monteverde%20Teece%20(1982)%20-%20Supplier%20Switching%20Costs%20and%20Vertical%20Integration%20in%20the%20Automobile%20Industry.pdf 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. [http://www.edegan.com/pdfs/Baker%20Hubbard%20(2003)%20-%20Make%20Vs%20Buy%20in%20Trucking.pdf 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. [http://www.edegan.com/pdfs/Garicano%20(2000)%20-%20Hierarchies%20and%20the%20Organization%20of%20Knowledge%20in%20Production.pdf 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) [http://www.edegan.com/pdfs/Lafontaine%20Shaw%20(1999)%20-%20The%20Dynamics%20of%20Franchise%20Contracting.pdf 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. [http://www.edegan.com/pdfs/Holmstrom%20Milgrom%20(1991)%20-%20Multitask%20Principal%20Agent%20Analyses.pdf 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. [http://www.edegan.com/pdfs/Anderson%20(1988)%20-%20Strategic%20Implications%20of%20Darwinian%20Economics%20for%20Selling%20Efficiency.pdf pdf]

*Baker, G, R Gibbons, and K.J. Murphy (1999), "Informal Authority in Organizations", Journal of Law, Economics & Organization, 15, March pp. 56-73. [http://www.edegan.com/pdfs/Baker%20Gibbons%20Murphy%20(1999)%20-%20Informal%20Authority%20in%20Organizations.pdf pdf]

*Gibbons, R. (1998), "Incentives in Organizations.", Journal of Economic Perspectives, 12, pp. 115-32 (especially pp. 115-23). [http://www.edegan.com/pdfs/Gibbons%20(1998)%20-%20Incentives%20in%20Organizations.pdf pdf]

*Prendergast. C. (1999), "The Provision of Incentives in Firms.", Journal of Economic Literature, 37, 7-63 [http://www.edegan.com/pdfs/Prendergast%20(1999)%20-%20The%20Provision%20of%20Incentives%20in%20Firms.pdf 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. [http://www.edegan.com/pdfs/Spiller%20(1990)%20-%20Politicians%20Interest%20Groups%20and%20Regulators.pdf 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. [http://www.edegan.com/pdfs/Williamson%20(1999)%20-%20Public%20and%20Private%20Bureaucracies.pdf pdf]

*Prendergast, Canice (2003), "The Limits of Bureaucratic Efficiency", Journal of Political Economy. [http://www.edegan.com/pdfs/Prendergast%20(2003)%20-%20The%20Limits%20of%20Bureaucratic%20Efficiency.pdf 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. [http://www.edegan.com/pdfs/McCubbins%20Schwartz%20(1984)%20-%20Congressional%20Oversight%20Overlooked.pdf pdf]

*Demsetz, Harold (1968), "Why Regulate Utilities", Journal of Law and Economics, 11, April, pp. 55-56. [http://www.edegan.com/pdfs/Demsetz%20(1968)%20-%20Why%20Regulate%20Utilities.pdf 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. [http://www.edegan.com/pdfs/Williamson%20(1976)%20-%20Franchise%20Bidding%20for%20Natural%20Monopolies.pdf 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. [http://www.edegan.com/pdfs/Levy%20Spiller%20(1994)%20-%20The%20Institutional%20Foundations%20of%20Regulatory%20Commitment.pdf 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. [http://www.edegan.com/pdfs/Spiller%20Gely%20(1992)%20-%20Congressional%20Control%20or%20Judicial%20Independence.pdf pdf]

*McCubbins, Matt, Roger Noll and Barry Weingast (1987), "Administrative Procedures as Instruments of Control", JLEO, pp. 243-277. [http://www.edegan.com/pdfs/McCubbins%20Noll%20Weingast%20(1987)%20-%20Administrative%20Procedures%20as%20Instruments%20of%20Control.pdf 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. [http://www.edegan.com/pdfs/DeFigueiredo%20Spiller%20Urbiztondo%20(1999)%20-%20An%20informational%20perspective%20on%20administrative%20procedures.pdf pdf]