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'''The Economics of Institutions'''
ECON 224 2009 - The Economics of Institutions is a class offered to doctoral students at UC Berkeley, and is a field requirement for PhDs in BPP at the Haas School of Business. This page details the course as it was taught by Pablo Spiller ([mailto:spiller@haas.berkeley.edu email] and [http://www2.haas.berkeley.edu/Faculty/spiller_pablo.aspx website]) in the Spring of 2009.
==ECON224 Econ 224 2011== This section details the course as it was taught by Steve Tadelis and Noam Yuchtman the Spring of 2011. ===Tadelis Readings===* Prendergast. C. 1999. "The Provision of Incentives in Firms." Journal of Economic Literature, 37(1):7-63* Holmstrom, Bengt (1982) Moral Hazard in Teams, Bell Journal of Economics 13(2):324-340 * [[Klein Crawford Alchian (1978) - Vertical Integration Appropriable Rents And The Competitive Contracting Process]], Journal of Law and Economics, 21(2):297-326. * [[Grossman Hart (1986) - The Costs And Benefits Of Ownership]]: A Theory of Vertical and Lateral Integration, Journal of Political Economy, 94(3) pp. 691-719. * Tadelis, Steven and Oliver Williamson (2011) fTransaction-Cost Economics, to appear in Robert Gibbons and John Roberts, Eds. The Handbook of Organizational Economics, Princeton University Press * Levin, Jonathan (2003) "Relational incentive contracts," American Economic Review, 93(3):835l857. * [[Garicano (2000) - Hierarchies And The Organization Of Knowledge In Production]], Journal of Political Economy, 108(5):874-904. * [[Alchian Demsetz (1972) - Production Information Costs And Economic Organization]], American Economic Review, Vol. 62, No. 5. (Dec., 1972), pp. 777-795. Available in JSTOR. * Holmström, Bengt (1979) "Moral Hazard and Observability." Bell Journal of Economics 10(1): 74-91. * Gibbons, Robert (1998) "Incentives in Organizations" The Journal of Economic Perspectives, 12(4):115-132. * [[Coase (1937) - The Nature Of The Firm]], Economica, Available in JSTOR * [[Williamson (1979) - Transaction Cost Economics]]: The Governance of Contractual Relations," Journal of Law and Economics, Vol. 22, No. 2. (Oct., 1979), pp. 233-261. Availabe in JSTOR. * Barzel, Yoram (1982) fMeasurement Cost and the Organization of Markets, Journal of Law and Economics, 25(1):27-48*[[Bajari Tadelis (2001) - Incentives versus Transaction Costs A Theory of Procurement Contracts| Bajari, Patrick and Steven Tadelis (2001)]], "Incentives versus Transaction Costs: A Theory of Procurement Contracts", The RAND Journal of Economics, Vol. 32, No. 3, Autumn, pp. 387-407 [http://www.edegan.com/pdfs/Bajari%20Tadelis%20(2001)%20-%20Incentives%20versus%20Transaction%20Costs%20A%20Theory%20of%20Procurement%20Contracts pdf]* [[Holmstrom Roberts (1999) - The Boundaries Of The Firm Revisited]], Journal of Economic Perspectives, 12(4):73-9* MacLeod, W. Bentley (2003), "Optimal Contracting with Subjective Evaluation," American Economic Review 93(1):216-40. * Hayek, F. A. "The Use of Knowledge in Society," American Economic Review 35(4): * Antràs, Pol, Luis Garicano and Esteban Rossi-Hansberg (2006) "Outsourcing in a Knowledge Economy." Quarterly Journal of Economics, 121(1):31-77. ===Yuchtman Readings===* [[North & Weingast (1989)]]* [[Naidu (2010)]]* [[Grief (1993)]]* [[Clark (1985)]]* [http://www.edegan.com/repository/La%20Porta%20et%20al%20%282008%29%20Summary.pdf La Porta et al (2008)]* [http://www.edegan.com/repository/Hansmann%20%281988%29%20Summary.pdf Hansmann (1988)]* [http://www.edegan.com/repository/Bubb%20and%20Kaufman%20%282009%29%20Summary.pdf Bubb (2009)]* [http://www.edegan.com/repository/Levin%20and%20Tadelis%20%282005%29%20Summary.pdf Levin and Tadelis (2005)] For the Papers below, see summaries [http://www.edegan.com/repository/279D%20%28Noam%29%20-%20Paper%20Summaries.pdf here]. * Acemoglu and Pischke (1998)* Manning (2003)* Lazear (2000)* Bandiera et al (2007) ==Econ224 2009== This section details the course as it was taught by Pablo Spiller ([mailto:spiller@haas.berkeley.edu email] and [http://www2.haas.berkeley.edu/Faculty/spiller_pablo.aspx website]) in the Spring of 2009. ===Readings===
The course readings ([http://www.edegan.com/repository/ECON224.zip zip file]), by lecture, were listed as follows:
1.) '''Institutions'''
*North, Douglass (1991). , "Institutions", Journal of Economic Perspectives [http://www.edegan.com/pdfs/North%20(1991)%20-%20Institutions.pdf pdf]
*Williamson, Oliver (2000), "New Institutional Economics: Taking Stock, Looking Ahead", Journal of Economic Literature [http://www.edegan.com/pdfs/Williamson%20(2000)%20-%20New%20Institutional%20Economics.pdf pdf]
*Williamson, Oliver (1998), "The Institutions of Governance", American Economic Review, Papers and Proceedings [http://www.edegan.com/pdfs/Williamson%20(1998)%20-%20The%20Institutions%20of%20Governance.pdf pdf]
Note that, aside from these two papers, class 14 was left unspecified. A number of papers may have been set in class.
'''Seminal but not included''':
*[[Williamson (1971) - The Vertical Integration Of Production |Williamson, Oliver E. (1971)]], "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61:112-23. [http://www.edegan.com/pdfs/Williamson%20(1971)%20-%20The%20Vertical%20Integration%20of%20Production.pdf pdf]
