provide a detailed answer that makes direct reference to the course readings. Fully explain the economic concepts being discussed in each question. Provide real-world examples when asked. Make sure you fully explain your examples. Make sure you fully answer all parts of each question.

1. New Institutional economists try to explain how we create rules to reduce transaction costs and overcome uncertainty so that we can trust each other enough engage in anonymous trade with strangers over long distances. What are some modern examples of institutions that we have developed that help us do the following? 1. Reduce the cost of gathering information; 2. Increase the mobility of capital; and 3. Share risk with others and/or convert uncertainty into risk?

You do not have to identify one rule or contractual arrangement that accomplishes all three. You should identify three different rules or contractual arrangements that each accomplish different goal. Be sure to explain how each one accomplishes that goal.

Please 3 paragraphs maximum It can be brief