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 30: Recognizing and solving institutional puzzles

Douglas W. Allen

Abstract

What research topics should young institutional scholars pursue in the near future? We don't know. The author has made a career out of finding interesting institutional puzzles and explaining them with testable transaction cost arguments. In this chapter, he shares the methodology for doing this, which should be common knowledge, but is not.

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