Library Catalog
Amazon cover image
Image from Amazon.com

Lawlessness and Economics : Alternative Modes of Governance / Avinash K. Dixit.

By: Contributor(s): Material type: TextTextSeries: The Gorman Lectures in Economics ; 5Publisher: Princeton, NJ : Princeton University Press, [2011]Copyright date: ©2004Edition: Course BookDescription: 1 online resource (176 p.) : 13 line illus. 6 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780691130347
  • 9781400841370
Subject(s): DDC classification:
  • 330.1
LOC classification:
  • HD87 .D588 2004
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Preface -- 1. Economics With and Without the Law -- 2. Private Ordering in the Shadow of the Law -- 3. Relation-Based Contract Enforcement -- 4. Profit-Motivated Contract Enforcement -- 5. Private Protection of Property Rights -- 6. Conclusion -- References -- Index -- The Gorman Lectures in Economics
Summary: How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that transcend or supplement weak economic governance from the state. In much of the world and through much of history, private mechanisms--such as long-term relationships, arbitration, social networks to disseminate information and norms to impose sanctions, and for-profit enforcement services--have grown up in place of formal, state-governed institutions. Even in countries with strong legal systems, many of these mechanisms continue under the shadow of the law. Numerous case studies and empirical investigations have demonstrated the variety, importance, and merits, and drawbacks of such institutions. This book builds on these studies and constructs a toolkit of theoretical models to analyze them. The models shed new conceptual light on the different modes of governance, and deepen our understanding of the interaction of the alternative institutions with each other and with the government's law. For example, one model explains the limit on the size of social networks and illuminates problems in the transition to more formal legal systems as economies grow beyond this limit. Other models explain why for-profit enforcement is inefficient. The models also help us understand why state law dovetails with some non-state institutions and collides with others. This can help less-developed countries and transition economies devise better processes for the introduction or reform of their formal legal systems.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400841370

Frontmatter -- Contents -- Preface -- 1. Economics With and Without the Law -- 2. Private Ordering in the Shadow of the Law -- 3. Relation-Based Contract Enforcement -- 4. Profit-Motivated Contract Enforcement -- 5. Private Protection of Property Rights -- 6. Conclusion -- References -- Index -- The Gorman Lectures in Economics

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that transcend or supplement weak economic governance from the state. In much of the world and through much of history, private mechanisms--such as long-term relationships, arbitration, social networks to disseminate information and norms to impose sanctions, and for-profit enforcement services--have grown up in place of formal, state-governed institutions. Even in countries with strong legal systems, many of these mechanisms continue under the shadow of the law. Numerous case studies and empirical investigations have demonstrated the variety, importance, and merits, and drawbacks of such institutions. This book builds on these studies and constructs a toolkit of theoretical models to analyze them. The models shed new conceptual light on the different modes of governance, and deepen our understanding of the interaction of the alternative institutions with each other and with the government's law. For example, one model explains the limit on the size of social networks and illuminates problems in the transition to more formal legal systems as economies grow beyond this limit. Other models explain why for-profit enforcement is inefficient. The models also help us understand why state law dovetails with some non-state institutions and collides with others. This can help less-developed countries and transition economies devise better processes for the introduction or reform of their formal legal systems.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)