Institutions and Economic Organisation in the Advanced Economies

MICHELE BAGELLA Director, Department of Economics and Institutions, University of Rome 'Tor Vergata' LEONARDO BECCHETTIDoctor of Research and M.Sc. (LSE), Department of Economics and Institutions University of Rome 'Tor Vergata' ANDREA BERARDI Researcher, Banca Comerciale Italiana, Milan and London Business School, London GIOVANNI CARAVALEProfessor of Economics, University of Rome 'La Sapienza' ALBERTO DALMAZZOResearcher, Department of Economics, University of Siena CARLO DELL'ARINGAProfessor of Economics, Catholic University, Milan AVINASH K. DIXITProfessor of Economics, Princetown University FABIO GOBBOProfessor of Economics, University of Bologna and member of Italy's Authority for Competition and the Market BRUNO JOSSAProfessor of Political Economics, University of Naples GIANCARLO MARINI Professor of Economics, University of Rome 'Tor Vergata' MANCUR OLSONProfessor of Economics, University of Maryland LUCIO SCANDIZZOProfessor of Economics, University of Rome 'Tor Vergata' ANDREI SHLEIFERProfessor of Economics, Harvard University, Cambridge, Massachussetts GIOVANNI SOMOGYIProfessor of Industrial Economics, University of Rome 'La Spaienza' SALVATORE ZECCHINIDeputy Secretary General, OECD, Paris, Director of CCET

New Institutional Economics open a new methodological perspective in political economy by posing the question of why economic institutions are created. New developments in game theory are applied to many case topical studies including corruption, central bank independence, globalization and other issues in contemporary economic governance.New Institutional Economics open a new methodological perspective in political economy by posing the question of why economic institutions are created. This state-of-the-art collection examines this question of Arrow's looking at how these man-made constraints condition political, economic and social integration both informally and formally. New developments in game theory are applied to many case topical studies including corruption, central bank independence, globalization and other issues in contemporary economic governance.