https://www.learnioe.org/ https://www.learnioe.org/videos https://www.learnioe.org/topics https://www.learnioe.org/about/project https://www.learnioe.org/usage https://www.learnioe.org/team https://www.learnioe.org/contributors https://www.learnioe.org/video/keywords https://www.learnioe.org/video/topic/governance-regimes https://www.learnioe.org/video/topic/institutions-exchange-coordination https://www.learnioe.org/video/topic/organizations https://www.learnioe.org/video/topic/political-institutional-dynamics https://www.learnioe.org/video/keyword/alchian https://www.learnioe.org/video/keyword/business https://www.learnioe.org/video/keyword/coase https://www.learnioe.org/video/keyword/coase-theorem https://www.learnioe.org/video/keyword/commercial-exchange https://www.learnioe.org/video/keyword/commercial-law https://www.learnioe.org/video/keyword/concessions-type-contracts https://www.learnioe.org/video/keyword/contract-enforcement https://www.learnioe.org/video/keyword/corporate https://www.learnioe.org/video/keyword/democracy https://www.learnioe.org/video/keyword/digital-innovation https://www.learnioe.org/video/keyword/economic-governance https://www.learnioe.org/video/keyword/efficiency https://www.learnioe.org/video/keyword/electricity https://www.learnioe.org/video/keyword/energy https://www.learnioe.org/video/keyword/externalities https://www.learnioe.org/video/keyword/growth https://www.learnioe.org/video/keyword/inclusive-institutions https://www.learnioe.org/video/keyword/judicial-independence https://www.learnioe.org/video/keyword/legal-fiction https://www.learnioe.org/video/keyword/make-or-buy https://www.learnioe.org/video/keyword/median-voter-theorem https://www.learnioe.org/video/keyword/merchant-communities https://www.learnioe.org/video/keyword/ppt-model https://www.learnioe.org/video/keyword/private-information https://www.learnioe.org/video/keyword/private-ordering https://www.learnioe.org/video/keyword/property-rights https://www.learnioe.org/video/keyword/public-contracting https://www.learnioe.org/video/keyword/public-service-provision https://www.learnioe.org/video/keyword/regulation https://www.learnioe.org/video/keyword/sovereign-debt https://www.learnioe.org/video/keyword/trade https://www.learnioe.org/video/keyword/trade-associations https://www.learnioe.org/video/keyword/transaction-costs https://www.learnioe.org/video/keyword/transnational-customs https://www.learnioe.org/video/keyword/transnational-usage https://www.learnioe.org/author/barak_richman https://www.learnioe.org/author/brian_silverman https://www.learnioe.org/author/carugati https://www.learnioe.org/author/david_ettinger https://www.learnioe.org/author/douglas_allen https://www.learnioe.org/author/eric_brousseau https://www.learnioe.org/author/fabrice_lumineau https://www.learnioe.org/author/gary_libecap https://www.learnioe.org/author/jens_prufer https://www.learnioe.org/author/lisa-bernstein https://www.learnioe.org/author/lynne_kiesling https://www.learnioe.org/author/mitu_gulati https://www.learnioe.org/author/nan_jia https://www.learnioe.org/author/peter_klein https://www.learnioe.org/author/rick_vanden-bergh https://www.learnioe.org/author/stefan_voigt https://www.learnioe.org/author/stephane_saussier https://www.learnioe.org/video/the-franchise-bidding-solution https://i.ytimg.com/vi/dljW5tFK4os/maxresdefault.jpg Public Contracting : The Franchise Bidding Solution Franchise bidding has been proposed as a tool to avoid regulation failures in natural monopoly sitations. The main idea is to replace competition in the market with competition for the market.… https://www.youtube.com/embed/dljW5tFK4os 729 2024-03-07T07:59:57-08:00 https://www.learnioe.org/video/incentive-theory https://i.ytimg.com/vi/R397aL4L1Ok/maxresdefault.jpg Public Contracting : Incentive Theory Asymmetric information gives rise to pervasive problems in economic relationships. In this video Stephane Saussier explains how setting the right incentives could be a solution. However, there will… https://www.youtube.com/embed/R397aL4L1Ok 633 2024-03-07T07:59:51-08:00 https://www.learnioe.org/video/property-rights https://i.ytimg.com/vi/3puAJgGFg9c/maxresdefault.jpg Property Rights Join Stephane Saussier for an introduction to Property Rights Theory. You will also understand how the theory is similar and different from Transaction Cost Theory. https://www.youtube.com/embed/3puAJgGFg9c 607 2017-06-11T11:00:24-07:00 https://www.learnioe.org/video/incomplete-contracting-and-contract-renegotiation https://i.ytimg.com/vi/UdZ1kLsBR-8/maxresdefault.jpg Incomplete contracting and contract renegotiation In the real world renegotiation is the rule, not the exception. In this video Stephane Saussier explains why the terms of initial agreements often need to be modified and what the consequences are… https://www.youtube.com/embed/UdZ1kLsBR-8 435 2017-06-11T11:05:33-07:00 https://www.learnioe.org/video/public-private-partnerships https://i.ytimg.com/vi/O9n0_ZA4frc/maxresdefault.jpg Contracting with the Government : Public Private Partnerships There is not one week without any newspaper article talking about PPPs. But what are they? What are their advantages and disadvantages? How are they different from private contracts? In this video… https://www.youtube.com/embed/O9n0_ZA4frc 624 2024-03-07T08:00:05-08:00 https://www.learnioe.org/video/efficiency https://i.ytimg.com/vi/aCuT0neU3ag/maxresdefault.jpg Efficiency Auctions are very old way to allocate goods. Their use has increased even more with the development of new technology and internet. In this video David Ettinger explains the main auction formats,… https://www.youtube.com/embed/aCuT0neU3ag 799 2021-05-13T02:43:24-07:00 https://www.learnioe.org/video/auction-and-revenue https://i.ytimg.com/vi/SUEaaMOuEcM/maxresdefault.jpg Auction and Revenue There are many auction formats with different rules and properties. In order to choose among them, one must first characterize the seller’s objective. In this video David Ettinger takes us through… https://www.youtube.com/embed/SUEaaMOuEcM 557 2020-05-06T07:27:49-07:00 https://www.learnioe.org/video/winners-curse https://i.ytimg.com/vi/dpn437f6ypM/maxresdefault.jpg Winner's Curse Usually, we assume that when a buyer takes part into an auction for a good, he knows at least the value of the good for him. However, this is not always the case. In this video David Ettinger shows… https://www.youtube.com/embed/dpn437f6ypM 774 2020-05-06T07:33:22-07:00 https://www.learnioe.org/video/dispute-resolution-and-transactional-certainty https://i.ytimg.com/vi/dsi5UqGORIQ/maxresdefault.jpg Dispute Resolution and Transactional Certainty How disputes are resolved, and how contract rights are secured, without court-facilitated dispute resolution has been a great area of interest to institutional economists and legal scholars alike.… https://www.youtube.com/embed/dsi5UqGORIQ 490 2024-03-07T07:59:43-08:00 https://www.learnioe.org/video/stateless-exchange https://i.ytimg.com/vi/LzfJBQ1gmOM/maxresdefault.jpg Stateless Exchange How can an industry prosper when its underlying transactions are beyond the reach of public institutions? This lecture examines cooperative exchange in the diamond industry, which rests wholly on… https://www.youtube.com/embed/LzfJBQ1gmOM 679 2024-03-07T07:59:40-08:00 https://www.learnioe.org/video/a-theory-of-stateless-commerce https://i.ytimg.com/vi/TCxgoYwmiS4/maxresdefault.jpg A Theory of Stateless Commerce This video lecture explains why stateless commerce arises and persists. Why are mechanisms that were relied upon in the fifteenth-century merchant fairs still being used in twenty-first-century New… https://www.youtube.com/embed/TCxgoYwmiS4 667 2024-03-07T07:59:35-08:00 https://www.learnioe.org/video/open-access-and-environmental-externalities https://i.ytimg.com/vi/CcUDIi43ERo/maxresdefault.jpg Open Access and Environmental Externalities All environmental problems and most natural resource problems are really problems of open access. In this video , Gary Libecap, Distinguished Professor at the University of California, Santa… https://www.youtube.com/embed/CcUDIi43ERo 435 2019-12-05T06:53:41-08:00 https://www.learnioe.org/video/regulation-tax-policies-subsidies-as-remedies https://i.ytimg.com/vi/v4jp-ioN_ws/maxresdefault.jpg Regulation, Tax Policies, Subsidies as Remedies In this video, Gary Libecap, Distinguished Professor at the University of California, Santa Barbara, takes an in-depth look into traditional solutions to environmental problems, and explains why… https://www.youtube.com/embed/v4jp-ioN_ws 592 2019-12-05T06:53:34-08:00 https://www.learnioe.org/video/ostrom-and-coases-criticisms-to-standard-approaches https://i.ytimg.com/vi/ugD52-l5_9k/maxresdefault.jpg Ostrom and Coase's Criticisms to Standard Approaches In this video, Gary Libecap, Distinguished Professor at the University of California, Santa Barbara, discusses the approaches of Elinor Ostrom and Ronald Coase on dealing with resource allocation.… https://www.youtube.com/embed/ugD52-l5_9k 623 2019-12-05T06:53:31-08:00 https://www.learnioe.org/video/recognizing-governance-and-institutional-puzzles https://i.ytimg.com/vi/Pyix2ZXxtw8/maxresdefault.jpg Recognizing Governance and Institutional Puzzles In this lecture Professor Douglas Allen talks about institutional puzzles: how to recognize and explain them. He revisits the concept of efficiency and offers a new way of looking at economic… https://www.youtube.com/embed/Pyix2ZXxtw8 471 2019-12-05T06:55:07-08:00 https://www.learnioe.org/video/coase-and-the-logic-of-institutional-economics https://i.ytimg.com/vi/Hj36-12Sd8s/maxresdefault.jpg Coase and the Logic of Institutional Economics In this video lecture Professor Douglas Allen provides an overview of the Coase theorem and the concept of transaction costs. He makes the case that these are the necessary components for explaining… https://www.youtube.com/embed/Hj36-12Sd8s 371 2019-12-05T06:53:52-08:00 https://www.learnioe.org/video/transaction-costs-and-property-rights https://i.ytimg.com/vi/x4MyyzTl2dM/maxresdefault.jpg Transaction Costs and Property Rights In this video Professor Douglas Allen elaborates on the nature of transaction costs and connects them to the concept of property rights and the Coase theorem. An understanding of these concepts is… https://www.youtube.com/embed/x4MyyzTl2dM 471 2019-12-05T06:53:45-08:00 https://www.learnioe.org/video/the-economic-theory-of-the-firm https://i.ytimg.com/vi/fyM_hipMUl8/maxresdefault.jpg The Economic Theory of the Firm Surprisingly, it is only fairly recently that economists have begun to think systematically about how to analyze the business firm. In this video, Professor Peter Klein traces the development of the… https://www.youtube.com/embed/fyM_hipMUl8 439 2019-12-05T06:53:08-08:00 https://www.learnioe.org/video/economics-of-entrepreneurship https://i.ytimg.com/vi/clyq7hyP6oQ/maxresdefault.jpg Economics of Entrepreneurship In this video Professor Peter Klein traces the development of Economic thought concerning entrepreneurship starting from the late 18th century through contemporary developments. He offers a useful… https://www.youtube.com/embed/clyq7hyP6oQ 534 2019-12-05T06:53:03-08:00 https://www.learnioe.org/video/empirical-literature-of-the-firm https://i.ytimg.com/vi/JE8NK3cSCzY/maxresdefault.jpg Empirical Literature of the Firm The research literature on the economic theory of the firm has greatly expanded in the last several decades. But what is not as well known is that there is a growing empirical literature to go along… https://www.youtube.com/embed/JE8NK3cSCzY 666 2019-12-05T06:52:59-08:00 https://www.learnioe.org/video/sovereign-debt-and-the-contracts-that-underlie-it https://i.ytimg.com/vi/weN2VX9w9_Q/maxresdefault.jpg Sovereign Debt and the Contracts That Underlie It Historically and today governments' ability to borrow has long been a crucial determinant of their ability of thrive. But how does that relate to law? In this video, Professor Mitu Gulati at Duke… https://www.youtube.com/embed/weN2VX9w9_Q 477 2019-12-05T06:53:28-08:00 https://www.learnioe.org/video/foreign-sovereign-immunity-how-absolute-is-it https://i.ytimg.com/vi/kXuzk5KM_Hg/maxresdefault.jpg Foreign Sovereign Immunity: How Absolute is It? One of the most common themes in discussions about government debt is the notion that governments do not have to repay their debts whenever they do not want to because they have “immunity”. But the… https://www.youtube.com/embed/kXuzk5KM_Hg 515 2019-12-05T06:53:19-08:00 https://www.learnioe.org/video/odious-debts https://i.ytimg.com/vi/uZbQftgn1sI/maxresdefault.jpg Odious Debts When people die, their debts die with them. But what about countries? In this video, Professor Mitu Gulati will question the legal doctrine of state succession and will invite you to reflect on… https://www.youtube.com/embed/uZbQftgn1sI 534 2019-12-05T06:53:13-08:00 https://www.learnioe.org/video/economic-governance-a-genera-introduction https://i.ytimg.com/vi/YW3venDS14k/maxresdefault.jpg Economic Governance: A General Introduction In this video, Jens Prüfer, Associate Professor at the Economics Department of Tilburg University, introduces you to the concept of Economic Governance and discusses the three major economic… https://www.youtube.com/embed/YW3venDS14k 453 2019-12-05T06:55:14-08:00 https://www.learnioe.org/video/classification-of-economic-governance-institutions https://i.ytimg.com/vi/QsnJBshpcI4/maxresdefault.jpg Classification of Economic Governance Institutions In this video, Jens Prüfer, Associate Professor at the Economics department of Tilburg University, presents a classification of economic governance institutions. This classification can serve… https://www.youtube.com/embed/QsnJBshpcI4 545 2019-12-05T06:55:10-08:00 https://www.learnioe.org/video/the-foundations-of-transaction-cost-economics https://i.ytimg.com/vi/GOAIbuqni8E/maxresdefault.jpg The Foundations of Transaction Cost Economics In this video, Professor Brian Silverman at the Rotman School of Management will present an overview of Transaction Cost Economics. He will start with the initial contribution of Ronald Coase in the… https://www.youtube.com/embed/GOAIbuqni8E 536 2019-12-05T06:52:37-08:00 https://www.learnioe.org/video/basic-predictions-of-transaction-cost-economics https://i.ytimg.com/vi/luJ4-QAzbEM/maxresdefault.jpg Basic Predictions of Transaction Cost Economics In this video, Professor Brian Silverman at the Rotman School of Management will present the basic predictions generated by Transaction Cost Economics. He will first discuss the Make vs. Buy… https://www.youtube.com/embed/luJ4-QAzbEM 632 2019-12-05T06:52:07-08:00 https://www.learnioe.org/video/performance-implications-of-transaction-cost-economics https://i.ytimg.com/vi/wJWXavhbeXk/maxresdefault.jpg Performance Implications of Transaction Cost Economics In this video, Professor Brian Silverman at the Rotman School of Management will discuss recent empirical studies that investigate the effect of transaction alignment on firm performance. He will… https://www.youtube.com/embed/wJWXavhbeXk 599 2019-12-05T06:52:28-08:00 https://www.learnioe.org/video/political-economy-of-ancient-greece https://i.ytimg.com/vi/6sjEqPnuwAs/maxresdefault.jpg Political Economy of Ancient Greece In this video, Federica Carugati from Stanford University will discuss the evidence for political and economic development in ancient Greece. She will also address some of the challenges of using… https://www.youtube.com/embed/6sjEqPnuwAs 372 2019-12-05T06:52:33-08:00 https://www.learnioe.org/video/ancient-greek-history-and-the-social-sciences-theory-testing-and-development https://i.ytimg.com/vi/qn1a6ENYpo0/maxresdefault.jpg Ancient Greek History and the Social Sciences: Theory Testing and Development If ancient Greece is a valuable comparative case study for political economists and students of institutional development, then we should be able to use this relatively vast and still underexploited… https://www.youtube.com/embed/qn1a6ENYpo0 305 2019-12-05T06:52:22-08:00 https://www.learnioe.org/video/tradeoffs-of-inclusion-development-before-liberalism https://i.ytimg.com/vi/9GiFsMeXAvI/maxresdefault.jpg Tradeoffs of Inclusion: Development before Liberalism In this video Federica Carugati from Stanford University will discuss some of her own work in progress on a hot topic in political economy: the emergence of inclusive institutions. Analyzing the… https://www.youtube.com/embed/9GiFsMeXAvI 596 2019-12-05T06:52:15-08:00 https://www.learnioe.org/video/contractual-and-relational-mechanisms https://i.ytimg.com/vi/wInP9-yIYew/maxresdefault.jpg Contractual and Relational Mechanisms In order to organize their relationships, firms often simultaneously use different types of governance mechanisms. Such relationships involve significant risks and uncertainty, which affects the… https://www.youtube.com/embed/wInP9-yIYew 540 2019-04-30T00:29:07-07:00 https://www.learnioe.org/video/median-voter-theorem https://i.ytimg.com/vi/T_m6fv4CBSI/maxresdefault.jpg Median Voter Theorem In this first video, Professor Vanden Bergh will introduce you to the assumptions for a very basic Positive Political Theory model. Next, he will work through a fundamental insight from Duncan Black… https://www.youtube.com/embed/T_m6fv4CBSI 533 2019-12-05T06:52:54-08:00 https://www.learnioe.org/video/pivotal-politicians https://i.ytimg.com/vi/zQoOuutMS8s/maxresdefault.jpg Pivotal Politicians In this video, Professor Vanden Bergh will build from the basic Positive Political Theory model developed in the first video. He will show you how changing Institutional rules affects the so called… https://www.youtube.com/embed/zQoOuutMS8s 431 2019-12-05T06:52:42-08:00 https://www.learnioe.org/video/regulatory-policy-decisions-and-implications-for-political-strategy https://i.ytimg.com/vi/EUMwGMydn6E/maxresdefault.jpg Regulatory Policy Decisions and Implications for Political Strategy In this final video of the series, Professor Vanden Bergh will explore a more complex policy making process where multiple political institutions interact to determine policy. In particular, he will… https://www.youtube.com/embed/EUMwGMydn6E 545 2019-12-05T06:52:50-08:00 https://www.learnioe.org/video/the-medieval-law-merchant https://i.ytimg.com/vi/GDev5WOzezs/maxresdefault.jpg The medieval law merchant In this lecture Professor Bernstein explores the “story” of the medieval law merchant, a story that has had a profound influence on the development of commercial laws around the world and a major… https://www.youtube.com/embed/GDev5WOzezs 700 2019-12-17T15:55:10-08:00 https://www.learnioe.org/video/the-contemporary-law-merchant https://i.ytimg.com/vi/qmHy3MW-z4E/maxresdefault.jpg The contemporary law merchant In an attempt to end the long and unjustified reign of what Kaden’s calls “the tyranny of a con-struct”, Professor Bernstein continues her investigation by acknowledging that there have been many… https://www.youtube.com/embed/qmHy3MW-z4E 687 2019-12-17T16:04:10-08:00 https://www.learnioe.org/video/the-modern-law-merchant https://i.ytimg.com/vi/EXN3EFgYa0M/maxresdefault.jpg The modern law merchant In the first lecture, Professor Bernstein stressed the idea that the myth of the Medieval law merchant has had a profound effect on the development of modern commercial law. In this video, Professor… https://www.youtube.com/embed/EXN3EFgYa0M 638 2019-12-17T16:05:27-08:00 https://www.learnioe.org/video/transaction-cost-economics-and-digital-market-platforms-for-electricity https://i.ytimg.com/vi/T4pLnTjZzzg/maxresdefault.jpg Transaction cost economics and digital market platforms for electricity The digital technological changes that we have seen in the past 20 years are starting to affect the electricity industry through what are called smart grid technologies. In this final lecture, Prof.… https://www.youtube.com/embed/T4pLnTjZzzg 703 2019-12-17T15:58:55-08:00 https://www.learnioe.org/video/regulation-and-technological-change,-in-theory-and-in-practice https://i.ytimg.com/vi/XcTTixm-9bE/maxresdefault.jpg Regulation and technological change, in theory and in practice In this second lecture, using the example of the evolution in the 1990s from the vertically-integrated firm into competitive wholesale power markets in the US, Professor Kiesling discusses how… https://www.youtube.com/embed/XcTTixm-9bE 579 2019-12-17T16:00:42-08:00 https://www.learnioe.org/video/history-and-economics-of-the-electricity-industry https://i.ytimg.com/vi/AfJPwH9oZB0/maxresdefault.jpg History and economics of the electricity industry In this video, Professor Kiesling provides a historical perspective on how the competition for the U.S. electricity market, innovation and the energy industry transformation has been shaped by U.S.… https://www.youtube.com/embed/AfJPwH9oZB0 349 2019-12-17T16:02:14-08:00 https://www.learnioe.org/video/judicial-independence-rule-of-law-in-transition https://i.ytimg.com/vi/PUm-KOTiUJA/maxresdefault.jpg Judicial independence and the rule of law in transition In this video, Stefan Voigt explains why could juridictionnal independance be so important for economic development (theory) https://www.youtube.com/embed/PUm-KOTiUJA 490 2023-06-14T07:02:38-07:00 https://www.learnioe.org/video/judicial-independence-measurable https://i.ytimg.com/vi/IMqnAXWcs6M/maxresdefault.jpg How to make judicial independence measurable The second video about the juridictionnal independance reveals why a theory is not sufficient and the need to make it measurable. This video presents one approach to do so and also presents the… https://www.youtube.com/embed/IMqnAXWcs6M 681 2023-06-14T07:09:10-07:00 https://www.learnioe.org/video/judicial-independence-impact https://i.ytimg.com/vi/5X_ZyZUoaZc/maxresdefault.jpg Judicial independence, impact and growth In this video, Stefan Voigt highlights a number of additional insights concerning the juridictionnal independence. https://www.youtube.com/embed/5X_ZyZUoaZc 433 2023-06-14T07:09:08-07:00 https://www.learnioe.org/video/multitasking_model_application_innovation https://i.ytimg.com/vi/Q9qcyPxsDsE/maxresdefault.jpg The multitasking model and its application to innovation In this video, Pr Nan JIA is going to discuss the multitasking model and his application in a context of firm innovation. In this video, after explaining the concept of multitasking, she explores… https://www.youtube.com/embed/Q9qcyPxsDsE 457 2024-05-02T02:10:57-07:00 https://www.learnioe.org/video/business_groups_tunneling_propping_co_insurance https://i.ytimg.com/vi/nyJOuNdMmBo/maxresdefault.jpg Business groups : tunneling, propping up, or co-insurance In this video, Pr Nan JIA is going to discuss the research about business groups and particularly the relationship between their members. After defining the business group concept, she raises the… https://www.youtube.com/embed/nyJOuNdMmBo 764 2024-05-02T02:10:54-07:00 https://www.learnioe.org/video/make_buy_political_lobbying https://i.ytimg.com/vi/ppEN9xJdEn4/maxresdefault.jpg "Make or Buy" in political lobbying In this video Pr Nan JIA discuss the sourcing of lobbying. She explores the transaction cost economics approach in the field of lobbying before taking us through the capabilities approach to… https://www.youtube.com/embed/ppEN9xJdEn4 676 2024-05-02T02:10:49-07:00 https://www.learnioe.org/video/role_social_ethic_homogeneity_supporting_exchange https://i.ytimg.com/vi/iinjat27Fgw/maxresdefault.jpg The Role of Social or Ethic Homogeneity in Supporting Exchange In this lecture, Professor Lisa Bernstein explores the ways that communities of transactors, from the 11th century to the present, have succeed in using non-legal reputation-based sanctions to… https://www.youtube.com/embed/iinjat27Fgw 719 2024-04-05T03:59:16-07:00 https://www.learnioe.org/video/putting_network_glasses https://i.ytimg.com/vi/nmcGOzUE6Wg/maxresdefault.jpg Putting on our Network Glasses In this video, Professor Lisa Bernstein discuses the case studies of ethnically homogeneous trade highlighted in the previous video. After explaining that the pattern of connections between… https://www.youtube.com/embed/nmcGOzUE6Wg 899 2024-04-05T04:00:23-07:00 https://www.learnioe.org/video/beyond_ethnically_homogeneous_trade https://i.ytimg.com/vi/ahs83CJjS8o/maxresdefault.jpg Beyond Ethnically Homogeneous Trade In this concluding video, Professor Lisa Bernstein looks briefly at transactional contexts where social or ethic ties do not exist. She explains how that network governance is a powerful force in… https://www.youtube.com/embed/ahs83CJjS8o 630 2024-04-05T04:00:26-07:00