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| Author: | Acheson, K. |
| Title: | Disciplined stories in the governance of the New Institutional Economics |
| Journal: | Journal of Economic Methodology
2000 : NOV, VOL. 7:3, p. 341-372 |
| Index terms: | INSTITUTIONAL ECONOMICS POWER TESTS |
| Language: | eng |
| Abstract: | The New Institutional Economics (NIE) occupies an important space in the rapidly expanding theory of organization. Traditional testing techniques have only been applied to less complex parts of the NIE. A rich body of evidence generated by the experiences of firms and other organizations lies fallow. The limited domain of traditional testing will persist because of the nature of the central concepts of the NIE, the difficulty posed for integrating transaction cost into an optimizing framework by self-reference, and the particularly wicked manifestations of the Duhem-Quine problem. |
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