一、課程說明(Course Description)
This course is intended to offer graduate students an essential understanding of the New Institutional Economics. The class is research oriented. Students are expected to master the basic analytical framework and establish an insight toward understanding the institutions in the real world. Class participation is required. Each student is required to do assignments and finish a term paper at the end of the semester.
二、指定用書(Text Books)
三、參考書籍(References)
四、教學方式(Teaching Method)
五、教學進度(Syllabus)
Topics and Readings:
I. Introduction
Alchian, Armen (1950), "Uncertainty, Evolution and Economic Theory," JPE (Journal of Political Economy) 58 (3) (June): 211-221.
Hayek, Friedrich A (1945), "The Use of Knowledge in Society," AER (American Economic Review) (September): 519-530.
Coase, Ronald H. (1992), "1991 Nobel Lecture: The Institutional Structure of Production," AER 82 (4) (September): 713-719.
Denzau, Arthur, and Douglass North, “Shared Mental Models: Ideologies and Institutions,” Kyklos 47(1994), Fasc.1, pp. 3-31.
II. Theoretical Framework
A. Transaction Costs
Coase, Ronald H. (1937), "The Nature of the Firm," Economica 4 (November): 386-405.
Coase, Ronald H. (1960), "The Problem of Social Cost," JLE (Journal of Law and Economics) 3(1): 1-44.
Barzel, Yoram (1982), “Measurement Cost and the Organization of Markets,” JLE 25(1): 27-48.
Cheung, Steven N. S. (1984), "The Contractual Nature of the Firm," JLE 26: 1-21.
Williamson, Oliver (1994), "Transaction Costs Economics," in R. Schmalensee and R. D. Willig, eds., Handbook of Industrial Organization, vol. 1, North-Holland.
B. Cooperation
Heiner, Ronald (1983), “The Origins of Predictable Behavior,” AER 73(1): 560-595.
North, Douglass C. (1990), Institutions, Institutional Change and Economic Performance. Cambridge University Press.
III. Institutions at Work
A. Contractual Relations
Cheung, Steven N. S. (1970), "The Structure of a Contract and the Theory of a Non-exclusive Resource," JLE 13 (April): 49-70.
Cheung, Steven N. S. (1974), "A Theory of Price Control," JLE 16 (April): 53-71.
Klein, Benjamin, R. A. Crawford, and A. A. Alchian (1978), "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," JLE 21: 297-326..
Klein, Benjamin, and Keith Leffler (1981), "The Role of Market Forces in Assuring Contractual Performance," JPE 89: 615-41.
Joskow, Paul. (1988), "Asset Specificity and the Structure of Vertical Relationships: Empirical Evidence," JLEO (Journal of Law, Economics, and Organization): 95-117.
B. Firm, Family, and other Organizations
Williamson, Oliver (1985), The Economic Institutions of Capitalism. New York: Free Press.
Grossman, Sanford, and Oliver Hart (1986), “The Costs and Benefits of Ownership: A theory of Vertical and Lateral Integration,” JPE 94(4): 691-719.
Ben-Porath, Yoram (1980), “The F-Connection: Families, Friends and the Firms, and the Organization of Exchange,” Population and Development Review 6(1): 1-30.
Bergstrom, Theodore (1989), “A Fresh Look at the Rotten Kid Theorem - and the Other Household Mysteries,” JPE 97 (5): 1138-1159.
C. Pre-Market Economy
Demsetz, Harold (1967), “Toward a Theory of Property Rights,” AER 57: 61-70.
Posner, Richard (1980), “A Theory of Primitive Society, with Special Reference to Law,” JLE 23(April): 1-53.
Umbeck, John (1981), “Might Makes Right: a Theory of the Formation and Initial Distribution of Property Rights,” Economic Inquiry 19(1): 38-59.
Johnson, Bruce (1986), “The Formation and Protection of Property Rights among the Southern Kwakiutl Indians,” Journal of Legal Studies 15: 41-67.
Allen, Douglas (1991), ”Homesteading and Property Rights; or “How the West Was Really Won,” JLE 34 (April): 1-23.
Anderson, Terry, and Fred McChesney (1994), “Raid or Trade? An Economic Model of Indian-White Relations,” JLE 37 (April): 39-74.
D. Tenancy and Reform
Cheung, Steven N. S. (1969), The Theory of Share Tenancy, Chicago University Press.
Otsuka, Keijiro, and Yujiro Hayami (1988), “Theories of Share Tenancy: A Critical Survey,” Economic Development and Cultural Change 37(1): 31-68.
Lin, Justin Yifu (1990), “Collectivization and China’s Agricultural Crisis in 1959-1961,” JPE 98(6): 1128-52.
E. Migration
Todaro, Michael P. (1969), “A Model of Labor Migration and Urban Unemployment in Less Developed Countries,” AER 59 (March): 138-148.
Spear, Alden Jr. (1974), “Urbanization and Migration in Taiwan,” Economic Development and Cultural Change 22(2): 302-319.
Simon, Curtis J., and Clark Nardilli (1996), “ The Talk of the Town: Human Capital, Information, and the Growth of English Cities, 1861-1961,” Exploration in Economic History 33: 384-413.
Wagge, Steven A., (1998), “Chain Migration and Information Networks: Evidence from the Nineteenth-century Hesse-Cassel,” Journal of Economic History 58(4): 957-986.
F. Transition Economics
Dewatripont, Mathias, and Gerard Roland (1995), "The Design of Reform Package under Uncertainty," American Economic Review, 85: 5, pp. 1207-223.
Dewatripont, Mathias, and Gerard Roland (1992), “The Virtues of Gradualism and Legitimacy in the Transition to a Market Economy,” Economic Journal, 102: 411, pp. 291-300.
Roland, Gerard (2002), “The Political Economy of Transition” Journal of Economic Perspectives, 16:1 (winter), pp. 29-50.
Fernamdez, Raquel, and Dani Rodrik (1991), “Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty,” American Economic Review, 81: 5, pp. 1146-155.
Ruttan, Vernon W., and Yujiro Hayami (1984), “Toward a Theory of Induced Institutional Innovation,” Journal of Development Studies 20(4) (July), pp. 203-223.
Lin, Justin Yifu (1989), "An Economic Theory of Institutional Change: Induced and Imposed Change," Cato Journal 9(1), pp. 1-33.
Lin, Justin Yifu (1990), “Collectivization and China’s Agricultural Crisis in 1959-1961,” Journal of Political Economy 98(6), pp. 1128-52.
Lin, Justin Yifu (1992), “Rural Reform and Agricultural Growth in China,” American Economic Review 82(1), pp. 34-51.
六、成績考核(Evaluation)
七、可連結之網頁位址