Summary of JOIE Article by Damiano Fiorillo, Università degli Studi di Napoli Parthenope, Italy, Michele Mosca Università degli Studi di Napoli Federico II, Italy, and Luca Pennacchio,Università degli Studi di Napoli Parthenope, Italy . The full article is available on the JOIE website. Building on the well-known assertion that “there is nothing worse than the confiscation…
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The Corporation: from the Middle Ages to intellectual monopoly capitalism
Summary of JOIE Article by Ugo Pagano, University of Siena , Italy. The full article is available on the JOIE website. The modern business corporation is one of the most powerful institutions in contemporary society, yet its origins and nature remain poorly understood. This paper argues that to make sense of what corporations are today —…
Institutional Conflicts of Interest: A Novel Functionalist Account
Summary of JOIE Article by Armin W. Schulz, Department of Philosophy, University of Kansas . The full article is available on the JOIE website Consider a corporation and its (sole current) employee / owner. It may be in the corporation’s interest to make high-quality products that last a long time, as this leads customers to stick…
Sludge, transaction benefits and cognitive institutions
Summary of JOIE Article by Daniil Frolov Faculty of Economics and Management, Volgograd State Technical University, Volgograd, Russia. The full article is available on the JOIE website Sludge is an emerging concept in behavioural economics that refers to various types of perceived frictions faced by decision-makers due to the specific characteristics of choice contexts. According to…
Deliberative Preferences for Collective Adaptation: Evidence from the Philippines and Viet Nam
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…
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…