Audit report on the Iowa Lottery Authority for the year ended June 30, 2007

Audit report on the Iowa Lottery Authority for the year ended June 30, 2007

Audit report on the City of Sabula, Iowa for the year ended June 30, 2006

Audit report on the City of Sabula, Iowa for the year ended June 30, 2006

Audit report on the Jones County Solid Waste Management Commission for the year ended June 30, 2007

Audit report on the Jones County Solid Waste Management Commission for the year ended June 30, 2007

Audit report on Story County, Iowa for the year ended June 30, 2007

Audit report on Story County, Iowa for the year ended June 30, 2007

Audit report on Warren County, Iowa for the year ended June 30, 2007

Audit report on Warren County, Iowa for the year ended June 30, 2007

Audit report on the City of Wapello, Iowa for the year ended June 30, 2007

Audit report on the City of Wapello, Iowa for the year ended June 30, 2007

The role of institutions in the contractual process

Human beings increase their productivity by specializingtheir resources and exchanging their products. Theorganization of exchange is costly, however, becausespecialized activities need coordination and incentiveshave to be aligned. This work first describes how theseexchanges are organized in an institutional environment.It then focuses on the dual effect of this environment-as with any other specialized resource, institutions maybe used for expropriation purposes. They enjoyspecialization advantages in safeguarding exchange butthey also make possible new forms of opportunism,causing new costs of exchange. Three perverse tendenciesare identified:In the legal field, there is a surplus ofmandatory rules and, at the same time, a deficit in default rules. Second, courts activity is biased againstthe quasi-judicial role of the parties and the market. Third, Market enforcement is based on reputationalassets that are badly exposed to opportunism.

Audit report on the Fremont County Landfill Commission for the year ended June 30, 2007

Audit report on the Fremont County Landfill Commission for the year ended June 30, 2007

Audit report on the City of Perry, Iowa for the year ended June 30, 2007

Audit report on the City of Perry, Iowa for the year ended June 30, 2007

Audit report on the City of Red Oak, Iowa for the year ended June 30, 2007

Audit report on the City of Red Oak, Iowa for the year ended June 30, 2007

Audit report on Madison County, Iowa for the year ended June 30, 2007

Audit report on Madison County, Iowa for the year ended June 30, 2007

Audit report on the Shelby County Area Solid Waste Agency for the year ended June 30, 2007

Audit report on the Shelby County Area Solid Waste Agency for the year ended June 30, 2007

Audit report on the City of Atlantic, Iowa for the year ended June 30, 2007

Audit report on the City of Atlantic, Iowa for the year ended June 30, 2007

Audit report on Lee County, Iowa for the year ended June 30, 2007

Audit report on Lee County, Iowa for the year ended June 30, 2007

Audit report on Webster County, Iowa for the year ended June 30, 2007

Audit report on Webster County, Iowa for the year ended June 30, 2007