Abstract:The subject of this paper is to clarify the conception of institution in the new institutional economics and levels of institutional change.Institution is rules, enforcement mechanism and organization...The subject of this paper is to clarify the conception of institution in the new institutional economics and levels of institutional change.Institution is rules, enforcement mechanism and organizations.Institutional change can be analyzed by four levels,which are institutional arrangements,organizations,institutional environment and informal institutions.Read More
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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