Sveriges Riksbank Prizes in Economic Sciences in Memory of Alfred Nobel After the recent announcement in October 2024, there are now 11 Nobel Laureates cited for work in institutional economics (broadly defined): 2024 Daron Acemoglu 2024 Simon Johnson 2024 James A. Robinson 2009 Elinor Ostrom 2009 Oliver E. Williamson 1993 Douglass C. North 1991 Ronald…
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The Role of Political Institutions in the Economic Convergence Process
Summary of JOIE article ( 19 September 2024) by Laura Lopez Gomez, Faculty of Tourism and International Relations, University of Murcia, Murcia, Spain The full article is available on the JOIE website. Imagine the Eurozone as a grand marathon where each runner starts at different times and from various points, yet the ultimate goal is for everyone…
Environmental enforcement, property rights, and violence: evidence from the Brazilian Amazon
Summary of JOIE article ( 27 August 2024) by Gustavo Magalhães de Oliveira, Institute for Food and Resource Economics, University of Bonn and Bruno Varella Miranda, Insper Institute of Education and Research, São Paulo, Brazil. The full article is available on the JOIE website. When you think of Brazil, vibrant festivals and stunning landscapes often come…
Comparing Ostrom’s Design Principles to Habraken’s Open-Building Framework: Disentangling a Polycentric Built Environment
Summary of JOIE article ( 2 March 2021) by John B. Horowitz, Department of Economics, Ball State University, Muncie, USA. The full article is available on the JOIE website. From the 1960s through the 1990s, architect John Habraken and a few like-minded architects developed the Open-Building framework because they were concerned about centralized control of the built environment and wanted…
Regional financial disparity in India: can it be measured?
Summary of JOIE article ( 12 May 2021) by Rashmi Arora and P. B. Anand, Faculty of Management, Law & Social Sciences, University of Bradford, Bradford, UK. The full article is available on the JOIE website. Recent discussions on inequality have focused on increasing global income and wealth inequality between individuals, inequality between countries and inequality among…
Location choice and Indian outward FDI: institutional quality vs institutional distance
Summary of JOIE article ( 11 December 2023) by Rishika Nayyar, University of Sussex Business School, Brighton, UK, and John Luiz, University of Sussex Business School and University of Cape Town, Rondebosch, South Africa. The full article is available on the JOIE website. Institutions exert an important influence on foreign direct investment (FDI) location choice – that is…
Determinants of Social Norms I – the Role of Geography
Summary of JOIE Article (07 December 2023) by Stefan Voigt, Institute of Law & Economics, University of Hamburg, Germany. The full article is available on the JOIE website. For a long time, scholars in institutional economics were primarily concerned with formal institutions such as state-made and -enforced laws. This has completely changed over the last…
The role of social aversion in the motivations for tax law compliance
Summary of JOIE article ( 03 May 2023) by Karnit Malka Tiv, Law School, Zefat Academic College, Zefat, Israel and Law School, Netanya Academic College, Netanya, Israel. The full article is available on the JOIE website. Deterrence has always played an important part in court decisions pertaining to tax offenses. In this respect, many decisions…
Foreigner kings as local kingmakers: how the ‘unusual’ marginalization of conservative political groups occurred in pre-Industrial Revolution Britain
Summary of JOIE article ( 09 March 2023) by Mario Yamada, Princeton University, Princeton, NJ 08544, USA. The full article is available on the JOIE website. In this article, I provide an explanation of how the conservative Tory elites in England/Britain in the period before the Industrial Revolution were politically marginalized, creating political and economic spaces…
‘It was organized from the bottom’: the response from community-based institutions during the 2014 Ebola epidemic
Summary of JOIE article ( 03 April 2023) by Sabine Iva Franklin, The Whitney and Betty MacMillan Center for International and Area Studies, Yale University, New Haven, Connecticut, USA. The full article is available on the JOIE website. As we approach the 10-year anniversary of the West African Ebola Virus Disease (EVD) Epidemic and now…