INSTITUTIONAL COMPETITION: A NEW THEORETICAL CONCEPT FOR ECONOMIC HISTORY
The paper presents institutional competition between political authorities as a moving force behind institutional and economic change. It introduces the theoretical concept, stressing the interplay between political and economic actors and the transaction costs that the exit and voice options invol...
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| Format: | Article |
| Language: | English |
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Economic & Business History Society
1999-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/300 |