Published by Springer
Originally published in Encyclopedia of Law and Economics: Second Edition
The Bloomington School of Public Choice and Institutional Theory, created by Elinor Ostrom, corecipient of the 2009 Nobel Prize for Economics, and Vincent Ostrom, co-founder of the Public Choice movement, has contributed to the theory of collective action, the analysis of metropolitan administration, the governance theory, the theory of goods and their production, the empirical study of natural resources management and of the commons, the nature and role of social norms, and the problems of constitutional political economy and institutional design. It also advanced significant methodological contributions to the study of polycentric, multilevel, dynamic institutional arrangements.
