Institutions and organizations

Clicks: 2
ID: 303775
2014
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Abstract
Abstract Markets are not the only place where transactions take place. ‘Institutions and organizations’ highlights other platforms and institutions — families, social groups and networks, industry associations, and governments — where some transactions work better. Successful specialization and transaction have two basic prerequisites: security of property and of contract. Property rights and contract enforcement, and the state and non-state institutions of governance that control them, are considered. The needs of some specialized transactions are best met by creating special markets or market-like platforms by intermediaries for the two sides in a transaction to meet. Market design, matching markets, and auctions are discussed.
Reference Key
openalex_W4236006747 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Avinash Dixit
Journal Oxford University Press eBooks
Year 2014
DOI
10.1093/actrade/9780199689378.003.0006
URL
https://doi.org/10.1093/actrade/9780199689378.003.0006
Keywords Keywords not found

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