Summary of JOIE Article by Catherine Roween C. Almaden, Asian Institute of Management, Makati City, Philippines. The full article is available on the JOIE website When rice farmers in Northern Mindanao, Philippines or the Mekong Delta, Viet Nam watch saltwater creep into their fields, they face choices that extend beyond their own plots. Should they…
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Meso-institutions and the coordination problem in the tomato supply chain
Summary of JOIE Article by Gaetano Martino and Bianca Polenzani, Department of Agricultural, Food and Environmental Sciences, University of Perugia, Perugia, Italy . The full article is available on the JOIE website. Meso-institutions are intermediary institutions that translate constitutive norms and rules into specific mechanisms, guidelines, and protocols for allocating rights, as well as for…
From Goat Shows to Guilds: How U.S. cheesemakers built a culture of collaboration
Summary of JOIE Article by Annette Kendall, University of Missouri-Columbia, U.S. The full article is available on the JOIE website. Why do some industries sustain a culture of “helping your competitor” even as they grow, formalize, and face sharper rivalry? Standard institutional theory suggests early, informal collaboration gradually gives way to contracts, monitoring, and guarded…
Recurrent Exchange Rate Shocks and Anfal in Iran
Summary of JOIE Article by Mehrdad Vahabi, Université Sorbonne Paris Nord, Paris, France. The full article is available on the JOIE website. Since the 1979 revolution, Iran has experienced nine major exchange rate shocks. Each crisis has destabilised the economy, weakened the rial, and fundamentally reshaped daily life. Unlike other countries that suffer occasional currency…
Enacting the Future: Institutions, Temporal Affordances, and the Formation of Expectations
Summary of JOIE article by Blaž Remic, Leiden University Centre for the Arts in Society, The full article is available on the JOIE website. A one-year postdoctoral contract does not only determine income. It determines how far, and into what kind of future, a life can extend. Applications for the next position or a grant are…
War Prevention and the Economics of Democracy
Summary of JOIE article by Marcel Parent, Agrégé de lettres modernes, posthumously, Antoine Parent, LED, Université Paris 8, Pierre-Charles Pradier, Université Paris 1 Panthéon-Sorbonne and Laurent Gauthier, LED, Université Paris 8. The full article is available on the JOIE website. Jean Jaurès’s The New Army (1911) is often seen as a dense, sprawling, and outdated work of socialist…
Reimagining IP Rights for the Generative AI Era: A Polycentric Governance Approach
Summary of JOIE article by Christos A. Makridis, W.P. Carey School, Arizona State University, Tempe, AZ, USA, and Joshua Ammons, Stephenson Institute for Classical Liberalism, Wabash College, Crawfordsville, IN, USA. The full article is available on the JOIE website. Generative AI models like large language models (LLMs) are transforming content creation, but in ways that the…
Elinor Ostrom Prize 2025 Shortlist
About the Prize: The Elinor Ostrom Prize has been established in honour of the late Nobel laureate Elinor Ostrom (1933-2012), who was an enormously creative scholar and an outstanding pioneer of the interdisciplinary field of institutional research.* Her most famous work focused on the problem of managing and maintaining common-pool resources, but she also applied her ideas to problems of political governance…
Understanding Masahiko Aoki’s Comparative Institutional Analysis
Summary of JOIE article by Kazuhiro S. Taniguchi, Faculty of Business and Commerce, Keio University, Tokyo. The full article is available on the JOIE website. This paper examines the core features of Masahiko Aoki’s Comparative Institutional Analysis (CIA) by tracing its methodological foundations and conceptualization of institutions within his intellectual trajectory. Aoki (1938–2015) dedicated his career…
The complementarity between automation and flexible labor contracts
Summary of JOIE article by Silvio Traverso (University of Eastern Piedmont, Italy), Massimiliano Vatiero (University of Trento, Italy, and Università della Svizzera italiana, Switzerland) and Enrico Zaninotto (University of Trento, and FBK-IRVAPP-Trento, Italy). The full article is available on the JOIE website. Since the 2000s, numerous European countries have implemented market-oriented reforms aimed at increasing external…