: private interests embedded in public policy processes simultaneously reshaped both market and governance in line with their … market setting. The crisis however demonstrated that financial markets may prove highly dysfunctional in the absence of … economics to demonstrate that the emergence of the institutions of financial governance is endogenous to the utility …

emphasizes ex post inefficiencies. In the present paper, a party may invest and acquire private information about the default …

and foreign market for input suppliers, the relative cost of searching in each market, the relative cost of customizing …

We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …

geography and these institutions, we posit, is via the effect of transparency on the state's extractive capacity. We apply our …

International trade can have profound effects on domestic institutions. We examine this proposition in the context of … institutions that facilitated longdistance trade e.g., the colleganza. However, starting in 1297, a small group of particularly …

We model the emergence of formal insurance institutions as equilibria under limited contract enforceability where … formal insurance institutions. …