Five basic institution structures and institutional economics [electronic resource].

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Five basic institution structures and institutional economics [electronic resource].

9789811003448 (electronic book)
9811003440 (electronic book)
9811003432
9789811003431

[Place of publication not identified] : Springer, 2016.

English

1 online resource.

HB71-74

330

This book discusses a development in institutional economics and management science, which provides engineering methods for institution design. Based on the ℓ́ℓSun Diagramℓ́ℓ created by the author, it uses graphics and calculations to explain that there are only five fundamental management institution structures, each of which has a particular management effect. It also demonstrates that production activities should be managed with different institutions according to the differences in externalities. This significant book suggests ways of using institution design to tackle the key challenges faced by societies today, such as environmental pollution, over-consumption of natural resources, carbon emissions, world peace issues and stagnating productivity levels.

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