All keywords

adverse selection alchian alliances arbitration asset specificity bounded rationality bridge-and-cluster structure business checks and balances classification of institutions clique network cluster markets co-insurance coase coase theorem coasean bargaining collective action commercial exchange commercial law common value commons concessions-type contracts conflict constitution contract enforcement contractual governance contractual relationships corporate corporate governance de facto de jure debt repudiation democracy digital innovation dispute resolution diversifications dominant strategy economic development economic governance efficiency efficiency-revenue tradeoff electricity emergence of institutions energy entrepreneurship externalities extralegal enforcement firm performance franchise governance mechanisms government debt growth hidden action history hold-up inclusive institutions incomplete contracts industrial organization influence innovation institutional change institutional design institutional ties inter-organizational relations investment judicial independence judicial review legal fiction legal structure legitimacy lobbying make-or-buy medevial law median voter theorem merchant communities monopoly multitasking nash bargaining natural monopoly network approach network governance network industry odious debt oligarchy open access optimal reserve price organization organizational change pfi pigouvian tax pivotal institutions pivotal politicians platforms political strategy ppt model press freedom principal-agent model private information private legal system private ordering private signal property rights public contracting public good provision public service provision regulation relational governance rent extraction-efficiency tradeoff revenue equivalence rule of law second-price social and ethics ties sovereign debt sovereign immunity state state capacity state legal system stateless commerce stateless exchange taxations taxes technology theory of the firm trade trade associations transaction costs transnational customs transnational usage trust tunneling winner’s curse