The management of natural resources is a challenging task owing to the complexity of the resources and the benefits they provide. Nowadays there is trend to transfer some management power to local communities driven by equality and sustainability assumptions. We studied two cases of local...

Economists believe that a problem of team production results from the desirability of production in (sometimes large) groups, the difficulty of rewarding individual group members based on their (difficult or impossible to measure) individual contributions, and the presumed interest of each...

This empirical study explores what the determinants for contributing are among individuals who belong to projects created for the development of Open Source Software. Our goal is to verify if current theoretical conjectures actually explain differences in individual contribution behaviour, and...

This paper examines two drastic changes in the performance of local water associations in providing local public goods - appropriate levels of water table - in the reclamation system in the Powiat Pyrzyce in the Voivodship Zachodniopomorski in northwest Poland. Employing an institutional...

William J. Baumol is the 2003 winner of the International Award for Entrepreneurship and Small Business Research. Throughout his career Baumol has urged the profession to pay attention to the instrumental role of entrepreneurship in economic renewal and growth. At the same time he has insisted...

William J. Baumol is the 2003 winner of the International Award for Entrepreneurship and Small Business Research. Throughout his career Baumol has urged the profession to pay attention to the instrumental role of entrepreneurship in economic renewal and growth. At the same time he has insisted...

The prediction of an institutional convergence between territories by institutional replication, must take into account the interdependence of institutions which characterizes the identity of territories, more than the replication itself. Basing the interdependence of institutions on the...

The purpose of this project is to demonstrate that the economic analysis of the law should proceed from the notion that individuals form a spontaneous order in response to the institution of tort law, each other, and their environment. First, I address the methodological advantages of the...

Iain McGilchrist richly explains the right and left hemispheres of the brain, how each functions and what each tends to do. This paper serves, firstly, as a primer to McGilchrist’s fascinating exposition. Second, it offers a formulation that uses a spiral to structure the iterative and layered...

Purpose: Explore the possible contributions of blockchain technology to creating new governance structures that facilitate social cooperation.Methodology: Conceptual analysis with key ideas in new institutional economics and political theory.Findings: Blockchain technology provides a new tool...