The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...

The regulation of network industries has been profoundly transformed in the past twenty years. First, the “object of regulation” is no longer the same. Network industries have been opened to new dynamics, which have overwhelmed their industrial, technological and marketing frameworks. The...

This chapter develops an analytic framework for understanding how the economic theory of contracts applies to multi-level governance and what these theories suggest with respect to the selection of a contractual approach. It begins with an overview of the relevant theories, presents an analytic...