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Doing Institutional Analysis Digging Deeper Than Markets and Hierarchies

In: Handbook of New Institutional Economics

Author

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  • Elinor Ostrom
Abstract
In this chapter, I present the institutional analysis and development (IAD) framework that can be used in analyzing any type of institutional arrangement. A major problem in understanding institutions relates to the complexity and diversity of contemporary life and the resulting specialization that has occurred within the social sciences. The time is ripe for an interdisciplinary effort to examine the underlying component parts that can be used to build useful theories of human behavior in the diverse range of situations in which humans interact. This chapter asserts that there are universal components of all markets and other frequently encountered situations and regularities in human behavior that can be analyzed using the IAD framework, which was developed based on years of work with colleagues and has proven its utility in a wide diversity of empirical settings.
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Suggested Citation

  • Elinor Ostrom, 2005. "Doing Institutional Analysis Digging Deeper Than Markets and Hierarchies," Springer Books, in: Claude Menard & Mary M. Shirley (ed.), Handbook of New Institutional Economics, chapter 30, pages 819-848, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-25092-2_31
    DOI: 10.1007/0-387-25092-1_31
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