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 as a starting point for identifying the optimal institution for any specific economic governance problem.
Masten, S.E., & Prüfer, J. 2014. On the evolution of collective enforcement institutions: communities and courts. The Journal of Legal Studies, 43(2), 359-400.
Prüfer, J. 2016. Business Associations and Private Ordering. Journal of Law, Economics, & Organization, 32(2), 306-358.