The New Institutional Economics Particularities in Subject Matter and Methodology

Andrey Shastitko

Voprosy Ekonomiki, 2003, issue 1

Abstract: Four dimensions related to methodological issues for development of new institutional economics as a research program are considered. Firstly, basic concepts and questions, including institutions, transactions, transaction cost, bounded rationality, assets specificity, fundamental transformation, private conflicts ordering, etc. Secondly, approaches to research by the description of new institutional economics as distinguished from other research programs. Thirdly, a set of models as instruments used for predictions. Fourthly, empirical testing of hypotheses formulated in the models, quantitative estimate.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2003:id:1983

DOI: 10.32609/0042-8736-2003-1-24-41

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