Market-supporting institutions ensure that property rights are respected, that people can be trusted to live up to their promises, that externalities are held in check, that competition is fostered, and that information flows smoothly. Evidence is reviewed here on some market institutions: property rights and contracting with and without the law, and mechanisms to sustain information flow in markets.
CITATION STYLE
Kaiserfeld, T. (2015). Market Institutions. In Beyond Innovation (pp. 27–36). Palgrave Macmillan UK. https://doi.org/10.1057/9781137547125_3
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