<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of this article is to show that the New Institutional Economics is an interdisciplinary stream combining economics, law, organization theory, political sciences, sociology, and anthropology. The main theories which are part of the New Institutional Economics are: Agency Theory, Property Rights Theory and Transaction Costs Theory. The basic assumptions of these theories are mentioned in this paper. This article is an introduction to the New Institutional Economics and its main theories. For this purpose, it presents a brief guide for those who are interested in the New Institutional Economics. Finally, the article is accompanied by a short review of examples of empirical studies connected with these theories.</p></abstract>

The aim of this article is to show that the New Institutional Economics is an interdisciplinary stream combining economics, law, organization theory, political sciences, sociology, and anthropology. The main theories which are part of the New Institutional Economics are: Agency Theory, Property Rights Theory and Transaction Costs Theory. The basic assumptions of these theories are mentioned in this paper. This article is an introduction to the New Institutional Economics and its main theories. For this purpose, it presents a brief guide for those who are interested in the New Institutional Economics. Finally, the article is accompanied by a short review of examples of empirical studies connected with these theories.

The New Institutional Economics-Main Theories

Faculty of Economic Sciences, University of Warsaw,

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"The New Institutional Economics-Main Theories"}

The aim of this article is to show that the New Institutional Economics is an interdisciplinary stream combining economics, law, organization theory, political...

The New Institutional Economics-Main Theories

Published Online: Feb 09, 2017

Page range: 78 - 85

Received: May 07, 2015

Accepted: Dec 11, 2015

DOI: https://doi.org/10.1515/fiqf-2016-0138

Keywords
Agency Theory, the New Institutional Economics, transaction costs, property rights

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The New Institutional Economics-Main Theories

Published Online: Feb 09, 2017

Page range: 78 - 85

Received: May 07, 2015

Accepted: Dec 11, 2015

DOI: https://doi.org/10.1515/fiqf-2016-0138

KeywordsAgency Theory, the New Institutional Economics, transaction costs, property rights

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Agency Theory, the New Institutional Economics, transaction costs, property rights