Legal Institutions and Informal Networks

Understanding informal institutions: Networks and communities in rural development

A major theme within the literature on rural development is that the particular mix of formal and informal institutions present in any situation is a key determinant of development outcomes. However, there is some evidence that in policy and practice there are considerable difficulties in articulating formal organizational realities with the rules and norms embedded in informally constructed so...

Informal Networks, Institutions and the “Soap Opera” Constraint

What is the interplay between informal networks, such as those that facilitate risk-sharing among households, and institutions such as public transfers and formal financial intermediation? Much of the existing literature on informal networks in economics focuses on either altruism or strategic mechanisms for their formation and maintenance. This approach stands in sharp contrast to perspectives...

Informal Economies in Post-Socialist Spaces – Practices, Institutions and Networks

Legal status of revolutionary institutions in Iran's administrative legal system

The revolutionary institutions, due to the authority of the public power, form an important part of the administrative organization in Iran. the legal status of the institutions in question was ambiguous, The legislator tried to create a legal personality by adopting the Public Accounts Act of 1366 and the Law on the List of Non-Governmental Organizations and Public Institutions approved in 137...

Informal Institutions and Property Rights

In recent years, the call for strong and clear property rights has grown in law and development circles. In the landmark book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, de Soto put forth the claim that “strong and clear” property rights, formalized rather than informal, are necessary for economic efficiency and for the protection of the poor, who occu...