Objectif Existing institutional theory, including political economics and contract theory, convincingly show that institutional details have large impacts on economic and policy outcomes. Once this is recognized, it follows that contracts should depend on the organisational design of the institution to which the contract is offered. Stage 1 of Project Gine aims at characterising optimal contracts as a function of this design. Stage 2 develops a framework for endogenising and characterising the optimal institutional design. At Stage 3, sets of institutions are endogenised at the same time, where the design of one is an optimal response to the designs of the others. This outcome is referred to as a general institutional equilibrium.Such a theory or methodological framework has several immensely important applications. Development aid contracts should carefully account for the political structure in the recipient country; otherwise the effect of aid may surprise and be counterproductive. The major application motivating this study, however, is environmental policy. Not only must the optimal environmental policy be conditioned on political economy forces; it must also be a function of institutional details, such as the political system. This can explain why the choice of instrument differs across political systems, and why politicians often prefer standards rather than economic instruments. Furthermore, we still do not have a good knowledge of how to design effective and implementable international environmental treaties. The optimal treaty design as well as the best choice of policy instrument must take into account that certain institutions (e.g. interest groups, firm structures, and perhaps even local governance) respond endogenously to these policies. Champ scientifique social sciencessociologygovernancesocial scienceseconomics and businesseconomicspolitical economy Programme(s) FP7-IDEAS-ERC - Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Thème(s) ERC-SG-SH1 - ERC Starting Grant - Individuals, institutions and markets Appel à propositions ERC-2011-StG_20101124 Voir d’autres projets de cet appel Régime de financement ERC-SG - ERC Starting Grant Institution d’accueil UNIVERSITETET I OSLO Contribution de l’UE € 760 170,00 Adresse PROBLEMVEIEN 5-7 0313 Oslo Norvège Voir sur la carte Région Norge Oslo og Viken Oslo Type d’activité Higher or Secondary Education Establishments Chercheur principal Bard Harstad (Dr.) Contact administratif Gyro Anna Holen (Ms.) Liens Contacter l’organisation Opens in new window Site web Opens in new window Coût total Aucune donnée Bénéficiaires (1) Trier par ordre alphabétique Trier par contribution de l’UE Tout développer Tout réduire UNIVERSITETET I OSLO Norvège Contribution de l’UE € 760 170,00 Adresse PROBLEMVEIEN 5-7 0313 Oslo Voir sur la carte Région Norge Oslo og Viken Oslo Type d’activité Higher or Secondary Education Establishments Chercheur principal Bard Harstad (Dr.) Contact administratif Gyro Anna Holen (Ms.) Liens Contacter l’organisation Opens in new window Site web Opens in new window Coût total Aucune donnée
