Introductory Reading List in New Institutional Economics Overview Eggertsson, Thrainn, Economic Behavior and Institutions, Cambridge: Cambridge University Press, 1990. Furubotn, Eirik G. and Rudolf Richter, Institutions and Economic Theory: The Contribution of the New Institutional Economics, Ann Arbor: The University of Michigan Press, 1997. Transaction Cost Perspective Coase, Ronald, “The Nature of The Firm,“ Economica, November 1937, pp. 386-495. Reprinted in Boulding, Kenneth, Readings in Price Theory, 1952, pp. 331-351; and in Coase, R. H., The Firm, the Market and the Law, The University of Chicago Press, 1988, pp. 33-55; and in Williamson, O. and Winter, S., eds., The Nature of the Firm: Origins, Evolution and Development, Oxford University Press, 1991. Coase, Ronald, “The Problem of Social Costs,“ Journal of Law and Economics, October 1960, pp. 1-44.Reprinted in Henry G. Manne, ed., The Economics of Legal Relationships, West Publishing, 1975; and in Breit, W., Hochman, H., and Saueracker E., Readings in Microeconomics, Times Mirror Publishing, 1986, pp. 414-440; and in Coase, R. H., The Firm, the Market and the Law, The University of Chicago Press, 1988. Coase, Ronald, “How Should Economists Choose?“, the G. Warren Nutter Lectures in Political Economy, published by the American Enterprise Institute for Public Policy Research, 1982. Reprinted in Coase, R.H., Essays on Economics and Economists, The University of Chicago Press, 1994, pp. 15-33. Coase, Ronald H., The Firm, the Market and the Law, The University of Chicago Press, 1988. Alchian, Armen A. and Demsetz, Harold, “ Production, Information Costs, and Economic Organization,” American Economic Review 62:5 (December 1972), pp. 777-795. Ostrom, Elinor, Governing the Commons: The Evolution of Institutions for Collective Action, Cambridge University Press, 1990 Williamson, Oliver, “Franchise Bidding for Natural Monopolies in General and with Respect to CATV,“ The Bell Journal of Economics, 7 (Spring 1976), pp. 73-104. Williamson, Oliver, “Transaction Cost Economics: The Governance of Contractual Relations,“ Journal of Law and Economics, 22 (October 1979), pp. 233-261 Williamson, Oliver, “Credible Commitments: Using Hostages to Support Exchange,“ American Economic Review, 73 (September 1983), pp. 519-40. Williamson, Oliver, The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting, New York: The Free Press, 1985. Williamson, O. and Winter, S., editors, The Nature of the Firm: Origins, Evolution and Development, Oxford University Press, 1991. Williamson, Oliver E and Masten, Scott E., editors, The Economics of Transaction Costs, Edward Elgar Publishing, 1999. Williamson, Oliver, “The New Institutional Economics: Taking Stock, Looking Ahead,“ Journal of Economic Literature, 38 (September 2000), pp. 595-613. Historical and Political Economy Perspective North, Douglass. C., Institutions, Institutional Change and Economic Performance, Cambridge: Cambridge University Press, 1990. North, Douglass C., “Institutions,“ The Journal of Economic Perspectives, 5:1 (Winter 1991), pp. 97-112. North, Douglass C., “New Institutional Economics and Development.“ 1993 working paper (PDF file). North, Douglass C., “Economic Performance Through Time,“ The American Economic Review, 84 (June 1994), pp. 359-368. North, Douglass C., “Five Propositions about Institutional Change,“ in Explaining Social Institutions, Jack Knight and Itai Sened, eds., University of Michigan Press, 1995, pp. 15-26. North, Douglass C., “Understanding Economic Change,“ in Transforming Post-Communist Political Economies, Joan M. Nelson, Charles Tilly and Lee Walker, eds., Washington D. C.: National Academy Press, 1997, pp. 13-18. Olson, Mancur, The Logic of Collective Action, Cambridge MA; Harvard University Press, 1965. Applications Alston, Lee, Gary Libecap, and Bernardo Mueller, Titles, Conflict and Land Use: The Development of Property Rights and Land Reform on the Brazilian Amazon Frontier, University of Michigan Press, 1998. Alston, Lee J., Eggertsson, Thrainn, and North, Douglass C., eds. Empirical Studies in Institutional Change, Cambridge University Press: Cambridge, 1996. Benham, Alexandra and Lee Benham, “Property Rights in Transition Economies: A Commentary on What Economists Know,“ in Transforming Post-Communist Political Economies, Joan M. Nelson, Charles Tilly and Lee Walker, eds., Washington DC: National Academy Press, 1997. Benham, Alexandra and Lee Benham, “Measuring the Costs of Exchange,“ in M nard, Claude, editor, Institutions, Contracts and Organizations: Perspectives from New Institutional Economics, Edward Elgar, 2000, pp. 367-375. Coase, Ronald, “The Lighthouse in Economics,“ The Journal of Law and Economics, 17:2 (October 1974), pp. 357-376. Reprinted in Coase, R. H., The Firm, the Market and the Law, The University of Chicago Press, 1988. Keefer, Philip and Stephen Knack, “Why Don t Poor Countries Catch Up: A Cross National Test of an Institutiona