- Docente: Carmine Guerriero
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
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Corso:
Second cycle degree programme (LM) in
Local and Global Development (cod. 9200)
Also valid for Second cycle degree programme (LM) in Politics Administration and Organization (cod. 8784)
Second cycle degree programme (LM) in Politics Administration and Organization (cod. 9085)
Learning outcomes
This module introduces the main strands of the New Institutional Economics. The general goal of the analysis is to provide students with the basic tools of the economic approach to the study of the functioning, origins and impact of formal and informal institutions. By the end of the course, the students will be able to critically evaluate the observed institutional variation and propose possible reforms.
Course contents
Inclusive Political Institutions and the Economy: Stylized Facts
- North et al. (2009), capitoli 1-4.
- Acemoglu, Daron, Suresh Naidu, Pascual Restrepo, and James A. Robinson. 2018. "Democracy Does Cause Growth." Journal of Political Economy, 127: 47-100.
- Guiso, Luigi, Paola Sapienza, Luigi Zingales. 2016. "Long-term Persistence." Journal of the European Economic Association, 14: 1401-1436.
- Coase, Ronald H. 1960. "The Problem of Social Cost." Journal of Law and Economics, 3: 1-44.
- Acemoglu, Daron, and Simon Johnson. 2004. “Unbundling Institutions.” Journal of Political Economy, 113: 949-995.
- Besley, Timothy, and Maitreesh Ghatak. 2010. "Property Rights and Economic Development." In Handbook of Development Economics, Vol. V. Mark Rosenzweig and Dani Rodrik, eds. Amsterdam: Elsevier, 4525-4589.
Micro-Mechanisms: Political Order and Cooperation
- North et al. (2009), chapters 5-6.
- Fleck, Robert K., and F. Andrew Hanssen. 2006. "The Origins of Democracy: a Model with Application to Ancient Greece." Journal of Law and Economics, 49: 115-146.
- Boranbay, Serra, and Carmine Guerriero. 2019. "Endogenous (In)Formal Institutions." Journal of Comparative Economics, 47: 921-945.
- Guerriero, Carmine. 2019. "Endogenous Institutions and Economic Outcomes." Forthcoming, Economica.
- de Oliveira, Guilherme, and Carmine Guerriero. 2018. "Extractive States: The Case of the Italian Unification." International Review of Law and Economics, 56: 142-159.
Micro-Mechanisms: Political Order and Property Rights
- Calabresi, Guido, and Melamed, A. Douglas. 1972. "Property Rules, Liability Rules and Inalienability: One View of the Cathedral." Harvard Law Review, 85: 1089-1128.
- Guerriero, Carmine. 2019b. "Property Rights, Transaction Costs, and the Limits of the Market." https://sites.google.com/site/carmineguerrieroshomepage/home/research-1
- Benati, Giacomo, Carmine Guerriero, and Federico Zaina. 2019. "The Rise of Inclusive Political Institutions and Stronger Property Rights: Time Inconsistency Vs. Opacity." Unpublished.
Readings/Bibliography
- North, Douglass C., John Joseph Wallis, and Barry R. Weingast. 2009. Violence and Social Orders: A Conceptual Framework for Understanding Recorded Human History. Cambridge: Cambridge University Press.
- Various papers (see course contents).
Teaching methods
Taught classes.
Assessment methods
Final essay. Is required a basic knowledge of economics and statistics.
Teaching tools
Slides available from https://sites.google.com/site/carmineguerrieroshomepage/home/teaching/-home-teaching-Ec_Istituzioni
Links to further information
Office hours
See the website of Carmine Guerriero