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Les apports de l'économie de l'information et des incitations à l'analyse des corporations artisanales médiévales :

Abstract : The aim of this thesis is to define the role of craft guilds in the emergence and extension of the medieval european markets. It comes within the framework of the New Economic History which uses explicitly the economic theory to interpret history. The contributions of the economics of information are particularly successful in analysing an organization as complex as the medieval craft guilds. Asymmetric information about product quality explains the logical birth of these organizations by highlighting their positive role in the structuralization of markets and the definition of regulating rules in industrial and commercial activities. Adverse selection and moral hazard allow to justify the relevance of the medieval agents choice to resort to an organization rather than the market. The contrast between this essay and the conventional monopolistic wisdom could not be starker. Usually described as inefficient cartels, we show that craft guilds mitigated the failings of the medieval markets. At first, they encouraged men to make mutually advantageous trades ; trades they would not have made if guilds had not mitigated adverse selection and moral hazard. Then, complex interactions between authorities, merchant guilds and craft guilds removed to these last ones the possibility of implementing monopoly policy. Finally, these organizations contributed to create an institutional structure favourable for human capital accumulation and technological innovation. This new view contends craft guilds encouraged commerce and increased economic efficiency.
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Submitted on : Tuesday, April 24, 2018 - 3:59:41 PM
Last modification on : Thursday, April 26, 2018 - 1:28:26 AM
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  • HAL Id : tel-01776411, version 1



Christelle Mougeot. Les apports de l'économie de l'information et des incitations à l'analyse des corporations artisanales médiévales :. Economies et finances. Université Nancy 2, 2002. Français. ⟨NNT : 2002NAN20007⟩. ⟨tel-01776411⟩



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