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All Journal JEKKP (JURNAL EKONOMI, KEUANGAN DAN KEBIJAKAN PUBLIK)
Sof yan
Universitas Islam Sumatera Utara
Economics, Econometrics & Finance Social Sciences

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EKONOMI KELEMBAGAAN BARU DAN KEBIJAKAN SEKTOR PUBLIK BEBERAPA CONTOH KASUS Sof yan
JEKKP (Jurnal Ekonomi, Keuangan dan Kebijakan Publik) Vol 1, No 1 (2019): Juli
Publisher : Universitas Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (80.092 KB) | DOI: 10.30743/.v1i1.1397

Abstract

This paper talks about the economic theory of institutions and public policy which has recently become a broad topic discussed and applied to various fields of public policy. In the course of economic history, market failures have occurred. That is the occurrence of a distortion in the direction of balance which has an impact on the market's inability to fulfill all community needs, in addition to the emergence of property rights. Institutional Economics consists of 2 (two) parts namely the Old Institutional Economy and the New Institutional Economy. This paper discusses new institutional economics with various case examples. such as the concept of Bounded Rationality, Asymmetric Information, Principal Agent Theory, Institutional Change, Social Change, Right Property, Hierarchy, Integration, Corporate Governance and Profit Sharing
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