Summary of JOIE article (15 November 2024) by W. Benedikt Schmal, Economic Theory Group, Ilmenau University of Technology, Germany. The full article is available on the JOIE website. Corporate cartels are known for their capacity to manipulate markets while avoiding legal scrutiny, presenting themselves as fascinating examples of organisational innovation in illegal domains. This paper extends…
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Welcome to the blog of the “Journal of Institutional Economics”
The study of institutions have been a long-standing issue in economics. It was at the core of many significant schools of thought at the end of the 19th century and at the beginning of the 20th, especially the German Historical School of economics and the American Institutionalism. Though the role and the importance of institutions…