Economics

Institutions in Perspective

Festschrift in Honor of Rudolf Richter on the Occasion of his 80th Birthday
Ed. by Ulrich Bindseil, Justus Haucap and Christian Wey

[Perspektiven von Institutionen. Festschrift zu Ehren von Rudolf Richter anläßlich seines 80sten Geburtstages.]

2006. VIII, 407 pages.
129,00 €
including VAT
cloth
ISBN 978-3-16-149061-3
available
Published in English.
Rudolf Richter is one of the leading pioneers in the field of the New Institutional Economics in Germany. In addition to general perspectives on the New Institutional Economics, the Festschrift also contains articles on the theory of the firm, economic contract theory, on pricing and competition, macroeconomics and monetary economics and on various aspects of law and economics.
Rudolf Richter is one of the leading pioneers in the field of the New Institutional Economics in Germany. The articles in this Festschrift were written by renowned scholars from Germany and other countries. In addition to general perspectives on the New Institutional Economics, the Festschrift also contains articles on the theory of the firm, economic contract theory, on pricing and competition, macroeconomics and monetary economics and on various aspects of law and economics.
Survey of contents
Contents:
Perspectives on the New Institutional Economics
Oliver E. Williamson: The Sociology and Economics of Organization: One View of the Dialogue
Claude Ménard: Challenges in New Institutional Economics
Theories of the Firm
Eirik G. Furubotn: The New Institutional Economics and the Theory of the Multiobjective Firm
Kenneth E. Scott: Corporate Governance in the New Institutional Economics
Arnold Picot and Marina Fiedler: Property Rights and Openness as Factors of Innovation Contract Theory
Victor P. Goldberg: Risk Management in Long-Term Contracts
Björn Blüml and Werner Neus: Cross-Border Debt Contracts with Weakly Sovereign Debtors
Urs Schweizer: Default Option by Design
Pricing and Competition
Arthur S. De Vany and Thomas R. Saving: Priority Pricing When Demand Is Stochastic
Volker Böhm and Jürgen Eichberger: Production Efficiency and Imperfect Competition
Christian Pfeil and Thorsten Posselt: Customer Relationship Management and Price Competition: Comments on the raison d'être of Customer Loyalty Programs
Macroeconomics, Money and Banking
Ekkehart Schlicht: Macroeconomic Confusion – A Marshallian Perspective
Ernst Baltensperger: Monopoly and Competition in Money and Credit
Peter Bernholz: Fuzzy and Opaque Public Property Rights
Ulrich Bindseil: Active Portfolio Management by Central Banks: Why and How?
Law and Economics
Siegwart Lindenberg: What Sustains Market Societies as Open Access Societies?
Ivo Bayer and Holger Bonus: European Identity and Symbolic Uses of Politics
Wernhard Möschel: Megamergers: Is There Need for New Legislation?
Christian Kirchner: The Development of European Community Law in the Light of New Institutional Economics
Dieter Schmidtchen and Hans-Jörg Schmidt-Trenz: Territoriality of Law and the International Trade Game: Towards a New Institutional Economics of International Transactions
Justus Haucap, Uwe Pauly and Christian Wey: Collective Wage Bargaining in Germany as Viewed Through the Looking Glass of Competition Theory
Authors/Editors

Ulrich Bindseil is the Head of the Risk Management Division at the European Central Bank.

Justus Haucap holds the Chair for Industrial Economics and Competition Policy at the Ruhr-University of Bochum since 2004 and has been a Research Professor at the German Institute für Economic Research (DIW) in Berlin since 2005.

Christian Wey holds the Chair for Network Economics and Information and Communication Economics at the TU Berlin since 2003 and is Head of the Department for Information Society and Competition at the German Institute für Economic Research (DIW) in Berlin.

Reviews

The following reviews are known:

In: FAZ – Wirtschaftsbücher — 6. August 2007, 12 (Karen Horn)
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