INTERNATIONAL SOCIETY FOR NEW INSTITUTIONAL ECONOMICS

5th ANNUAL MEETING

INSTITUTIONS AND GOVERNANCE

Berkeley, September 13-15, 2001

 

 

PRELIMINARY PROGRAM

(Important Notice: This is a provisory program. The composition and order of sessions may change. Chairpersons and discussants will also be added)

Thursday, September 13th:

4:30-8:00 p.m.—Registration (Lobby adjacent to Anderson Auditorium)

5:30 p.m. – Opening Session (Anderson Auditorium, Haas School) :

Chair: Oliver E. Williamson (University of California at Berkeley), President of ISNIE

Welcoming remarks by Paul Gray, Executive Vice Chancellor and Provost, University of California at Berkeley

Keynote speaker:

Vernon Smith (University of Arizona)

"Designing Electricity Market Institutions: Issues and Experiments"

6:45 – 8:00 p.m. Reception (Wells Fargo Room, Haas School).

Friday, September 14th

All sessions will be held at the Conference Center on the Clark Kerr Campus of the University of California at Berkeley.

8:00-8:30 a.m. – Registration and Continental Breakfast

8:30-10:00 a.m. – Four Parallel sessions

I-A: Institutions and Policy Determination

Session Organizer: Pablo Spiller (University of California at Berkeley)

Bernardo Mueller (University of Brazilia) and Lee Alston (University of Illinois at Urbana-Champaign) "The Gains From Trade Between the Executive and the Legislature in Brazil"

Mathew McCubbins and Daniel Rodriguez (both of University of California at San Diego) "The Differential Enforcement of Mandatory Sentencing Guidelines by Lifetime versus Elected Judges"

Rui de Figueiredo To be announced

Pablo Spiller (University of California at Berkeley) and Mario Tommasi (University of San Andrés) "The Institutional Foundations Of Public Policy: a Transactions Approach With Application To Argentina"

I-B: Contractual Agreements

Janet Bercovitz (Duke University) "The Option to Expand: The Use of Multi-unit Opportunities to Support Self-Enforcing Agreements in Franchise Relationships"

Elizabeth Farina and Christiane Rezende (both of University of Sao Paulo-Brazil) "Changing Competition Patterns in a Weak Regulatory Environment: The Case of Organic Products in Brazil"

Manuel Gonzalez-Diaz, Marta Fernandez Barcala, (both of University of Oviedo-Spain) and Benito Arruñada (University of Pompeu-Fabra) "The Organization of Quality Assurance in Agrobusiness: The Case of Fresh Meat"

Armelle Maze (ATOM, University of Paris-Pantheon-Sorbonne) "Contract Adaptation and the Quasi-Judicial Role of Large Retailers: Learning Process with Quality Uncertainty"

 

I-C: Cooperation and Trust

Henry Farrell (Max-Planck Project Group on Common Goods-Germany) "The Political Economy of Trust: Comparing the Effects of Institutions on Inter-Firm Cooperation"

Ken Koford (University of Delaware) "Experiments on Trust and Bargaining in Bulgaria: The Effects of Institutions and Culture"

Sergio Lazzarini, Gary Miller, and Todd Zenger (all of Washington University in St. Louis) "Order with a Little Bit of Law: Complementarity versus Substitutability of Formal and Informal Institutions"

Michael Zouboulakis, John Kamarianos, and George Fotopoulos (all of University of Thessaly-Greece) "Rationality and Cooperation between Firms: Testing Habitual Behavior in Greek Industries"

I-D: Employment Relationship

Christian Bessy and Guillemette de Larquier (both of University of Paris) "Hiring and Market Intermediaries: A Comparative Approach to IT Labor Markets in France and Great Britain"

Matthew Moe (University of Washington) "Control, Feedback, and Adaptation: The NLRB Revisited"

Irmgard Nübler (Free University of Berlin) "Firms’ Motivation to Invest in Training: The Role of Dependency, Hostages, and Cooperation"

Ekkehart Schlicht (University of Munich) "Corporate Culture and Exploitation"

 

10:00-10:30 a.m. – Coffee Break

 

10:30 a.m.-12:00 noon – Four Parallel sessions

 

II-A: On Regulation and Deregulation

Session Coordinator: Mary Shirley (The World Bank)

Chris Von Hirschausen and Petra Opitz (both of the German Institute for Economic Research) "Power Utility Restructuring in East European Transition Countries 1990-1999: An Institutional Interpretation"

Mary Shirley (The World Bank) "The Effects of Institutions on the Performance of Market Mechanisms: Telecommunications in Africa"

Scott Wallsten (Stanford University) "Telecommunications Privatization in Developing Countries: The Real effects of Exclusivity Period"

Bennet Zelner (Georgetown University) and Witold Henisz (University of Pennsylvania) "Institutions and Investment Strategies in the Global Private Power Industry: Case Studies from Three Continents"

 

II-B: Taxation as an Institution

Robert Cooter (University of California at Berkeley) and Ariel Porat (University of Tel Aviv) "The Inefficiency of Pigouvian Taxes"

Sami Dakhlia (University of Alabama) and John Nye (Washington University in St. Louis) "Tax Britannica: Nineteenth Century Tariffs and British National Income"

Noel Johnson (Washington University in St. Louis) "Banking On the King: The Evaluation of Organizations Dedicated to Tax Collation in Old Regime France"

Vadim Radaev (Moscow Institute of Economics) "Informal Institutional Arrangements and Tax Evasion in Russian Economy"

 

II-C: The Dynamics of Social Relations

Karine Nyborg, (Statistics Norway) Kjell Arne Brekke, (University of Oslo) and Snorre Kverndokk (Ragnar Frisch Center for Economic Research) "An Economic Model of Moral Motivation"

Siegwart Lindenberg (University of Groningen)– "Contractual Relations: It Takes Both Trust and Lack of Mistrust"

Rudolf Richter (University of Saarland) "New Economic Sociology and New Institutional Economics"

Ulrich Witt (Max-Planck Institute for Research Into Economic

Systems) "Social Cognitive Learning and Evolutionary Mechanisms in Institutions"

 

II-D: Innovation and Organizations

Serguey Braguinsky, (The University of Chicago), Atsushi Ohyama, (University of Chicago) and David Rose (University of Missouri) "Institutions and Innovation in a Competitive Environment: The Case of Technological Cooperation in the Japanese Cotton Spinning Industry"

Richard Langlois (University of Connecticut) "The Vanishing Hand: The Modular Revolution in American Business"

Tetsuo Wada (Gakushuin University) "Equity Joint Ventures and the Scope of Knowledge Transfer Between Diversified Firms: Evidence from US-Japan Alliances"

Decio Zylbersztajn (University of Sao Paulo) and Marcelo Miele (Secretary of Agriculture- State of Rio Grande do Sul) "Farmers industry contracts in Brazilian’s Wine Industry"

 

 

12 noon – 1:15 p.m. – LUNCH (Great Hall, Dining Center of Clark Kerr Campus)

 

1:15- 2:45 p.m. – Four Parallel Sessions

III-A: Economic Sociology of Capitalist Institutions

Session Organizer : Victor Nee (Cornell University)

Mary Brinton (Cornell University) – To Be Announced

Mark Granovetter (Stanford University) – "Social Networks, Trust, Power, and Institutions in the Economy"

Victor Nee (Cornell University) – To Be Announced

Richard Swedberg (Center for the Advanced Study in the Behavioral Sciences) – "You Need More Than Good Institutions: Weber and Schumpeter on What Makes for a Healthy Capitalism"

 

III-B: Inter-firms Contracts

Session Coordinator: Stephane Saussier (ATOM, University of Paris-Pantheon-Sorbonne)

Paulo Azevedo and Vivian Silva (both of Federal University of São Carlos-Brazil) "Contractual Mix Analysis in the Brazilian Franchising"

Francine Lafontaine and Scott Masten (both of University of Michigan) "Contracting in the Absence of Specific Investments: Understanding the Structure of Owner-Operator Leases in Trucking"

Bruce Lyons (University Of East Anglia) "Incomplete Contract Theory and Contracts Between Firms: A Preliminary Empirical Study"

Stephane Saussier, Emmanuel Raynaud (both of University of Paris) and Thierry Penard (University de Rennes) "What Complementarities Between the Structure of Franchise Contracts and Managerial Control? An Empirical Analysis Using French Data"

 

III-C: Growth and Transition

Gerard Roland (University of California at Berkeley) "Transition: An Evolutionary-Institutional Perspective"

Joachim Ahrens and Martin Meurers (both of University of Goettingen) "How Governance Affects the Quality of Policy Reform and Economic Performance: Evidence for Economies in Transition"

Beatrice Weder (University of Basle) "Institutional Reform in Transitions Economies: How Far Have They Come?"

Philip Keefer (The World Bank) "Boons, Boondoggles and Growth: How do Institutions Influence the Growth Effects of Public Investments?"

 

III-D: Regulatory Issues in a World of Innovation

Audrey Baudrier (ATOM, University of Paris-Pantheon-Sorbonne) "Characteristics of the Regulator and the Telecommunications Infrastructure Development: An Institutional Analysis"

João (John) Manuel de Figueiredo (Massachusetts Institute of Technology) "Political Strategies in Internet Intellectual Property Protection" 

Kenneth Gartrell, Mark Sarro, and Daniel Chai (all of The Brattle Group) "New Economy Litigation: Claims to Intellectual Property and Human Capital in a Global Institutional Environment Changing at the Speed of Thought"

Marc Law (Washington University in St. Louis) "The Transaction Cost Origins of Food and Drug Regulation"

 

2:45 – 3:15 p.m. – Coffee Break

 

3:15 – 4:45 p.m.– Four Parallel Sessions

IV-A: New Institutional Approach to the Classical World

Session Organizer: Barry Weingast (Stanford University)

Joseph Manning (Stanford University) "The Ptolemaic Takeover of Egypt, 332 BCE- 30 BCE: A Case Study in Institutional Change"

Ian Morris (Stanford University) "The Economics of the Ancient Greek Miracle"

James Quillin (Stanford University) "Propaganda, Conscription and Empire: Explaining the Changing Character of Roman Government in the Second Century, BC"

Discussant: Barry Weingast (Stanford University) and (TBA)

IV-B: Organizational Arrangements

Nicholas Argyres and Julia Liebeskind (both of University of Southern California) "Governance, Inseparability and the Evolution of the Biotechnology Industry"

Robert Freeland (Stanford University) "Decentralization and Cooperation: Organizational Form at General Motors, 1924-1958"

Peter Klein (University of Georgia) "Are Internal Capital Markets Good for Innovation?"

Michael Sykuta (University of Missouri) and Eric Helland (Claremont McKenna College) "Who’s Monitoring the Monitor? Do Outside Directors Protect Shareholder’s Interests?"

 

 

 

IV-C: Competition between Public and Private Order

Benito Arruñada (Pompeu Fabra University) "Comparative Analysis of Institutions Reducing Transactions Costs in Real Estate Transactions"

Eric Brousseau (ATOM, University of Paris) "What Institutional Framework to Regulation Internet? Complementarities and Hierarchy Between Public and Private Institutions"

Gillian Hadfield and Eric Talley (both of University of Toronto) "Public versus Private Production of Corporate Law"

Martin Schneider (Institute of Labor Law and Industrial Relations in the EC) "Judges and Institutional Change: An Empirical Case Study"

 

IV-D: Issues in Measurement of Transaction Costs

Ignace Adant (Free-Lance Researcher in Belgium) and Frederic Gaspart (Center of Research on Economy and Development) "Scrapping the Surface: A Well-Functioning Market Under Quality Uncertainty"

Yoram Barzel (University of Washington) "A Measurement Cost Based Theory of the Firm"

Christian Eigen-Zucchi (George Mason University) "Towards the Development of an Indicator of Transaction Costs"

Susana Lopez-Bayon and Manuel Gonzalez-Diaz (both of University of Oviedo-Spain) "Long-term vs. Short Term Subcontracting: A Transaction Cost Analysis"

 

5:00-6:00 p.m.: Keynote Speaker (Krutch Theatre, Clark Kerr Campus Center)

Chair: Claude Menard (ATOM, University of Paris-Pantheon- Sorbonne), President-Elect of ISNIE

Bengt Holmstrom (Massachusetts Institute of Technology)

"The Innovation Imperative and Firm Innovation"

 

6:30-7:15 p.m.: Reception at the Berkeley Faculty Club

7:15-9:15 p.m.: Gala Dinner at the Berkeley Faculty Club

 

Saturday, September 15th

All sessions will be held at the Conference Center on the Clark Kerr Campus of the University of California at Berkeley.

8:15-9:00 a.m. -- Continental Breakfast

 

9:00-10:30 a.m. -- 4 Parallel Sessions

V-A : Trust

Session Organizer: Paul Zak (Claremont Graduate University)

Margaret Brown (Washington University in St. Louis) "Floating in Uncertainty: The Vanilla Trade After Liberalization"

Jean Ensminger (California Institute of Technology) "Trust: Experimental Results from East Africa"

Margaret Levi (University of Washington) "Trust, Growth, and Development"

Paul Zak (Claremont Graduate University) "Trust, Institutional Evolution, and Economic Development"

V-B : Reform of Public Utilities

James Doherty (Regulatory Policy Research Center-Oxford)"Corporate Governance and Change in a Network Industry: Corporate Governance and the 1987 Japanese Railway Reforms"

Paul Joskow (Massachusetts Institute of Technology) "The Mess in California’s Electricity Market"

Stephen C. Littlechild (Judge Institute of Management Studies) "Competitive Bidding for a Long-term Electricity Distribution Contract"

Anne Yvrande (ATOM, University of Paris-Pantheon- Sorbonne) "Transactional Alignment and Governance Structures Performances: Application to the British Railway Industry"

 

 

V-C : Microeconomics of Transition

Volker Beckmann, Markus Hanisch, Sike Boger, (all of Humboldt University of Berlin) and Markus Brem (KPMG DTG-Germany) "In Search of the Market: Lessons From Analyzing Agricultural Transition in Central and Eastern Europe"

Mihaly Kopanyi, Charles Jokay, and Judit Kalman (World Bank) "Municipal Infrastructure Financing: The Case of Inverse BOT"

Chenglin Liu (Washington University in St. Louis) "Managing Vertical Restraints in China’s Transitional Economy: An Urgent Issue After China’s Accession to WTO"

Alexander Muravyev and Pavel Kuznetsov (Russian-European Center for Economic Policy-Moscow) "The Impact of Ownership on Corporate Performance in Russia: The Case of Blue Chips"

V-D : Reforming Institutions: Some Challenges

Jean-Phillipe Bonardi (University of Western Ontario) and Bertrand

Quelin (HEC Paris) "Privatization and Performance: Do the Speed and Sequence of the Process Impact Performance of Former Monopolies"

Jose Claudio Linhares Pires (BNDES – Rio de Janeiro)"Brazilian Regulatory Agencies: Early Appraisal and Looming Challenges"

Vai-Lam Mui (University of Notre Dame) and Timothy Cason (Purdue University) "Does Individual-Specific Uncertainty Lead to Resistance to Reform? Evidence from Laboratory Participation Games"

Steven Tadelis (Stanford University) "Design Complexity and Adaptability in Procurement"

 

10:30-11:00 a.m. – Coffee Break

11:00 a.m.-12:30 p.m. – 4 Parallel Sessions

VI-A : Experiments in the Study of Institutions

Session Organizer and Chairperson: James Alt (Harvard University)

Contributors :

Frank Heinemann, Peter Ockenfels (both of Goethe University-Frankfurt) and Rosemarie Nagel (University Pompeu Fabra-Barcelona) "Speculative Attacks and Financial Architecture: Experimental Analysis of Coordination Games with Public and Private Information"

Gary Miller (Washington University in St. Louis) and Andrew Whitford (University of Kansas) "Trust in Principal-Agent Negotiations: Can Gift Exchange Minimize Efficiency Loss?"

Thomas Palfrey (California Institute of Technology)- To Be

Announced

Discussant: Arthur Lupia (University of California, San Diego)

VI-B : Institutions and Long Run Dynamics

Avner Greif (Stanford University) "Self-reinforcing Institutions: Institutional Dynamics as a Historical Process"

Debin Ma (University of Missouri – St. Louis)"Innovation Versus Stagnation: Japanese and Chinese Silk Reeling Industries 1860-1937"

Chris Mantzavinos and Syed Shariq (Stanford University) Douglass C. North, (Washington University in St. Louis) "Learning, Change, and Economic Performance"

Dean Williamson (US Department of Justice) "Transparency, Contract Selection and the Maritime Trade of Venetian Crete, 1303-1351"

 

 

VI-C : Political Risks and Corruption

Jose Alberto Garibaldi (ITAM/SECODAM-Mexico) "Political and Administrative Corruption: A Comparative View of Their Organization and Development"

Guy Holburn (University California at Berkeley) "Political Risk, Political Capabilities and International Investment Strategy: Evidence From the Power Generation Industry"

Carlos Pereira (University of Oxford) and Lucio Renno (University of Pittsburgh) "Strategies for Surviving Politically: Different Political Career Choices in the Brazilian Chamber of Deputy"

Sonja Opper (University of Tübingen) Sonia Wong, (University of Hong Kong) and Hu Ruyin (Shanghai Stock Exchange) "Party in a Manager’s Office: Patterns of Political Interference Under the Chinese Company Law"

 

VI-D : 5 : Hommage to Armen Alchian

Session Organizer : Lee Benham (Washington University in St. Louis)

Contributors:

Armen Alchian

Others TBA

12:30 a.m.-1:45 p.m. – Box Lunch

 

1:45 –3:15 p.m. – Special Session

VII : A Berkeley Windup (Krutch Theatre, Clark Kerr Campus Center)

George Akerlof and Rachel Kranton (University of California at Berkeley) "The Economics of Education: A New Perspective"

Richard Gilbert (University of California at Berkeley) "The Effects of Vertical Structure on Wholesale Gasoline Prices: An Empirical Study of Raising Rivals’ Costs"

Oliver E. Williamson (University of California at Berkeley) "The Science of Contract: Private Ordering"

 

3:30 p.m.- International Society for New Institutional Economics Business Meeting

3:45 – 5:00 p.m.-Wine and Cheese Reception