...political, social, and legal ground rules that establishes the basis for production, exchange, and distribution. Rules governing elections, property rights, and the right of contract are examples of the type of ground rules that make up the economic environment. In the American economy, the environment...

...(1994), citing Davis and North (1971), proposes the following definition of institutional arrangement: "An institutional arrangement is an arrangement between...economic units that governs the ways in which these can cooperate and/or compete. It [can] provide a structure within which its members can cooperate ......

...legal ground rules that establishes the basis for production, exchange, and distribution" is fixed. "Rules governing elections, property rights, and the right of contract are examples of the type of ground rules that make up the economic environment."3 Although they acknowledge that...

...fundamental political, social and legal ground rules that establish the basis for production, exchange and distribution. Rules governing elections, property...institutional arrangement is an arrangement between the economic units that govern the ways in which these units can cooperate and/or compete. It ... [can]...

...transactions. Davis and North (1971: 5-6) provide a useful starting point in referring to "an institutional arrangement between economic units that governs the...in which these units can cooperate and/or compete." Similarly, Hollingsworth, Schmitter, and Streeck (1994: 5) define governance as the "totality of institutional...

...political, social, and legal ground rules that establishes the basis for production, exchange, and distribution. Rules governing elections, property rights, and the right of contract are examples of the type of ground rules that make up the economic environment' (Davis and North 1971:6). Polanyi...

...rules that establishes the basis for production, exchange and distribution." Institutional governance is "an arrangement between economic units that governs...in which these units can cooperate and/or compete." 18. In addition to economic calculation, other factors may have played a role. Particularly, the socialist...

...fundamental political, social and legal ground rules that establishes the basis for production, exchange and distribution. Rules governing elections, property...governs the ways in which these units can cooperate and/ or compete. It ... [can] provide a structure within which its members can cooperate ... or [it...

...fundamental political, social and legal ground rules that establishes the basis for production, exchange and distribution. Rules governing elections, property rights and the right of contract are examples'. There is now an established tradition of research within NIE connecting characteristics of the institutional...