The new institutional economics

Williamson, O. E. (2000). The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature, 38(3), 595-613.

Type

Journal article

Intellectual base

Primary research

Year

2000

Volume

38

Issue

3

Pages

595-613

DOI registrant

American Economic Association

Link

https://doi.org/10.1257/jel.38.3.595 not authoritativefound

Cited from

sociology_anthropology

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Institutional Lag
  • The framework compresses the pattern of regulatory dysfunction (rules lagging reality) into a structured diagnosis, drawing on Williamson's (2000) four-level framework for institutional analysis: identify the fast-changing condition, the institution whose rules are now stale, the lag duration, and which catch-up mechanism is available (legislative, regulatory, administrative, or market-based).

    This sourceDevelops a four-level framework for institutional analysis (embedded informal institutions, formal rules, governance, resource allocation) operating at different timescales, providing the diagnostic structure for identifying which institutional layer lags external conditions.

Verification

Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.

Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.

Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.

See how references were verified.

Registry ID ref:1041623413cc · see in the full table