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Economía de las instituciones: de Coase y North a Williamson y Ostrom

Author

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  • Gonzalo Caballero Miguez

    (Universidad de Vigo)

Abstract

Economics of Institutions constitutes a main field in economics of xxi Century. The New Institutional Economics propelled the «return of institutions» into the research agenda of the mainstream in economics. Ronald Coase provided the notion of transaction costs, Douglass North understood institutions as the rules of the game, Oliver Williamson conceptualized the governance of the firm and Elinor Ostrom studied the governance of the commons. The Nobel prizes awarded to Coase in 1991, North in 1993, Williamson in 2009 and Ostrom in 2009 show the advances of the modern institutional analysis. This paper implies an approach to institutions, governance and institutional change from the analyses of the main contributions of the four principal authors and the debate over the central arguments of the institutional economic literature.

Suggested Citation

  • Gonzalo Caballero Miguez, 2011. "Economía de las instituciones: de Coase y North a Williamson y Ostrom," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 77(02), pages 14-51.
    • Handle: RePEc:ekz:ekonoz:2011202
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    Citations

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    Cited by:

    1. Natalia Restrepo & Salvador Anton Clavé, 2019. "Institutional Thickness and Regional Tourism Development: Lessons from Antioquia, Colombia," Sustainability, MDPI, vol. 11(9), pages 1-25, May.
    2. Tania Mackenzie Torres & María Teresa Buitrago Quintero & Patricia Giraldo Vélez & José Hernán Parra Sánchez, 2014. "Factores que explican la relación principal-agente en seis empresas de la ciudad de Manizales," Revista Equidad y Desarrollo, Universidad de la Salle, August.
    3. Dolci, Tissiane & Valduga, Vander & Cristovão, Artur & Silva, Leonardo & Souza, Marcelino, 2021. "Incentives And Restrains Related To The Development Of A Wine Tourism Destination: A New Institutional Economics Approach," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 9(1), pages 23-41.
    4. repec:ehu:rdadme:9997 is not listed on IDEAS

    More about this item

    Keywords

    institutions; Ronald Coase; Douglass North; Oliver Williamson; Elinor Ostrom; new institutional economics; institutional change;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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