A Research Agenda for New Institutional Economics
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A Research Agenda for New Institutional Economics

Edited by Claude Ménard and Mary M. Shirley

Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
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Chapter 9: Cognition and governance: a research agenda for the New Institutional Economics

Kyle J. Mayer

Abstract

Transaction cost economics has led to a variety of insights into how firms govern transactions across firm boundaries. Research in this area has focused primarily on the attributes of the transaction as drivers of governance choice. Additional work is needed to better understand how cognitive and contextual factors influence governance choice and ultimately transaction and firm performance.

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