entity · derived
New institutional economics
Derived node: assembled mechanically from the claims carrying new-institutional-economics. A roster, not an adjudicated definition.
Every claim under this term
- 617681-022 : With an unbundled product more Member States might participate in regulatory competition over corporate law, which would speed up the learning process and likely result in better substantive corporate
- 1998455-026 : Harmonization and coordination can facilitate experimentation and learning, but experimentation is most effective when several different approaches are tried simultaneously in different jurisdictions.
- 2029983-006 : Jurisdictional competition adapts legal rules to changed economic circumstances faster than harmonization does, because a single jurisdiction can change its rule unilaterally whereas harmonized regime
- 2097160-002 : The methodological assumptions of incomplete contract theory improve the analysis of executive compensation arrangements relative to the classical and spot contract models normally used.
- 2267560-001 : Dynamic regulation is an optimization process for the learning experience in the New Institutional Economics framework, describing intra- and inter-jurisdictional feedback effects between different pu
- 2267560-023 : Unenforceable rules are irrelevant for purposes of economic analysis because they provide neither incentives nor sanctions, and legal rules without enforcement mechanisms do not qualify as institution
- kaal-2014-dynamicregulationviagove-005 : Because transaction costs, imperfect information, and bounded rationality shape the rulemaking process, even solutions that are optimal at enactment become unstable and suboptimal over time.
- kaal-2014-dynamicregulationviagove-006 : Under incomplete contract theory the rulemaking process is itself a learning process, and incomplete contracts are the instrument that carries that learning.
- 4900878-008 : Quantum economics and New Institutional Economics diverge at the level of first principles: NIE treats uncertainty as something institutions exist to reduce, while quantum economics treats uncertainty
- 4900880-011 : Quantum economics and New Institutional Economics treat uncertainty in opposite ways: NIE casts institutions as devices for reducing uncertainty and stabilizing the economy, while quantum economics bu
- 5886442-026 : Opportunism is engineered away in the AI-to-AI economy because agents have no endogenous psychological motives for guile and operate under mathematically specified, cryptographically verifiable object
- 5886442-030 : Dynamic regulation is defined as an optimization process for the learning experience in the New Institutional Economics framework, operating through intra jurisdictional and inter jurisdictional feedb
- 5886442-031 : The AI-to-AI economy amplifies and potentially fulfills dynamic regulation by embedding its principles endogenously within system architecture, which renders many NIE inspired restraints against human
- 6269518-009 : The citation matrix functions as an implicit contract specifying value distribution whose precise terms cannot be determined with the precision the mathematical framework demands, which is an instance
- 6421319-030 : The AI2AI economy eliminates all the drivers of positive transaction costs at the substrate level simultaneously: opportunism is engineered away because agents lack endogenous psychological motives fo
- 6421319-031 : The governance apparatus New Institutional Economics developed to counteract opportunism, including vertical integration, relational contracting, reputation mechanisms, hostage taking, and third party