The organisation of markets as a key factor in the rise of Holland from the fourteenth to the sixteenth century: A test case for an institutional approach

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The organisation of markets as a key factor in the rise of Holland from the fourteenth to the sixteenth century : A test case for an institutional approach. / Van Bavel, Bas; Dijkman, Jessica; Kuijpers, Erika; Zuijderduijn, Jaco.

I: Continuity and Change, Vol. 27, Nr. 3, 12.2012, s. 347-378.

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TY - JOUR

T1 - The organisation of markets as a key factor in the rise of Holland from the fourteenth to the sixteenth century

T2 - Continuity and Change

AU - Van Bavel, Bas

AU - Dijkman, Jessica

AU - Kuijpers, Erika

AU - Zuijderduijn, Jaco

PY - 2012/12

Y1 - 2012/12

N2 - Although the importance of New Institutional Economics and the institutional approach for understanding pre-industrial economic development and the early growth of markets are widely accepted, it has proven to be difficult to assess more directly the effects of institutions on the functioning of markets. This paper uses empirical research on the rise of markets in late medieval Holland to illuminate some of the factors behind the development of the specific institutional framework of markets for land, labour, capital and goods, and some effects of these institutions on the actual functioning of the markets. The findings are corroborated by a tentative comparison with the functioning of markets in Flanders and eastern England.

AB - Although the importance of New Institutional Economics and the institutional approach for understanding pre-industrial economic development and the early growth of markets are widely accepted, it has proven to be difficult to assess more directly the effects of institutions on the functioning of markets. This paper uses empirical research on the rise of markets in late medieval Holland to illuminate some of the factors behind the development of the specific institutional framework of markets for land, labour, capital and goods, and some effects of these institutions on the actual functioning of the markets. The findings are corroborated by a tentative comparison with the functioning of markets in Flanders and eastern England.

UR - http://www.scopus.com/inward/record.url?scp=84877275104&partnerID=8YFLogxK

U2 - 10.1017/S0268416012000239

DO - 10.1017/S0268416012000239

M3 - Article

VL - 27

SP - 347

EP - 378

JO - Continuity and Change

JF - Continuity and Change

SN - 1469-218X

IS - 3

ER -