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1.
Institutional change entails institutional design, assessment, and modification, which necessarily take place within the constraints
and opportunities afforded by existing institutional arrangements. Viktor Vanberg has made major contributions to our understanding
of how institutions evolve. We wish to contribute to this symposium in honor of Vanberg by analyzing how institutions for
the management of water institutions in Southern California evolved primarily through the use of the courts as settings for
deliberation, learning and institutional change.
相似文献
William BlomquistEmail: |
2.
Robert Kemp 《Forum for Social Economics》2007,36(1):43-51
This paper puts the theory of medical dominance, as it understood as a sociological theory of historical change, into a broader
theory of institutional change of the delivery of medical care. The application of medical dominance theory to three institutional
contexts (Australia, USA, and Canada) is reviewed. The possibility of progressive institutional change in the delivery of
medical care is addressed, as well as the type of technological innovation that might accompany such institutional change.
The concept of medical dominance is useful to explain the dominant characteristics supporting the institution of medical practice.
However, an explanatory theory of the evolution of health care delivery should be linked to the instrumentally warranted standards
for medical care. These standards are then discussed.
相似文献
Robert KempEmail: |
3.
Thierry Aimar 《The Review of Austrian Economics》2009,22(3):199-207
The Austrian School has had a curious destiny: while contributing many concepts to contemporary economic theory, it is either
ignored or criticised by much of modern economic literature. This article discusses possible reasons for this institutional
sidelining and the main futures of a renewal of Austrian thought.
相似文献
Thierry AimarEmail: |
4.
Recent events highlight primary type as an institutional variable that merits further examination in the economics literature
on voter turnout. Using panel data for U.S. gubernatorial elections and treating primary type as a proxy for candidate deviation
from the median voter, we test whether primary type changes voter turnout and whether that change is dominated by instrumental
or expressive voting. The results show that states with more open primaries tend to have greater voter turnout in general
elections, and that this increase reflects the effect of open primaries on expressive voting.
相似文献
Christopher WestleyEmail: |
5.
This study examines the impact of a stamp tax rate increase on market behavior, using data from two stock exchanges in China. We find that when the tax rate increases from 0.3 to 0.5% (which implies that the transaction cost increases by about 1/3) trading volume decreases by 1/3. This implies an elasticity of turnover with respect to a stamp tax of −50% and an elasticity of turnover with respect to transaction cost of −100%. The markets’ volatility significantly increases after the increase in the tax rate. Furthermore, the change in the volatility structure indicates that the markets become less efficient in the sense that shocks are less quickly assimilated in the markets.
相似文献
Badi H. Baltagi (Corresponding author)Email: |
Dong LiEmail: |
Qi LiEmail: |
6.
Cost-Benefit Analysis (CBA) is typically portrayed as a technique for promoting efficiency in government. We don’t deny that
CBA can be used in this manner, but instead focus on a different property of CBA, namely, its evolution from scholarly musings
into a framing institution within which budgetary processes operate. The evolution of CBA into institutional status, moreover,
shows the value of bringing a polyarchical perspective to bear on fiscal organization, wherein budgetary outcomes emerge through
structured interaction among participants. CBA is a product of interaction within a political ecology, as distinct from being
the product of some person’s optimizing choice.
相似文献
Richard E. WagnerEmail: |
7.
Antonio Saravia 《Constitutional Political Economy》2008,19(2):129-147
The fall of the Institutional Revolutionary Party (PRI) in July 2000 marked a milestone in Mexico’s political history. Throughout
its 71 years of incumbency, the PRI had incarnated the set of social, political and economic institutions of the country to
the extent of becoming synonymous with governance and stability. Using a simple model in which institutional change is the
result of the strategic interaction between citizens, an incumbent ruler and a potential new ruler or entrant, we provide
a systematic interpretation of this experience emphasizing the role of evolutionary factors such as history, uncertainty,
learning and experimentation.
相似文献
Antonio SaraviaEmail: |
8.
Luigi Prosperetti 《International Review of Economics》2009,56(3):265-273
The article briefly outlines how the two major structural causes of the financial crisis have been a massive underestimation
of the negative externalities potentially arising from malfunctioning of financial markets, and the policy decision to assign
the production of an eminently public good, financial stability, to private parties. Both ideas have been a tenet of the so-called
Greenspan doctrine. The crisis also shows that all regulators tend to be captured in the end, and thus any new legislation
should contain bright-line rules, that might look inefficient when assessed with reference to the market they regulate, but
are socially efficient, because it would be politically costly to alter them. Criminal sanctions, which after all are a social
form of regulation, should also be strengthened.
相似文献
Luigi ProsperettiEmail: |
9.
Thierry Aimar 《The Review of Austrian Economics》2008,21(1):23-43
This article argues for an extension of the Austrian paradigm of the ignorance of actors. The idea that will be defended here
is that actors are not only confronted with their lack of knowledge of the other person but also with their lack of self-knowledge.
From this perspective, the article seeks to understand the implications of this phenomenon in terms of infra-individual coordination
and to account for the mental processes mobilized by the individual mind so as to deal with that self-ignorance.
相似文献
Thierry AimarEmail: |
10.
Gianandrea Goisis Maria Letizia Giorgetti Paola Parravicini Francesco Salsano Giovanna Tagliabue 《International Review of Economics》2009,56(3):227-242
In this article, using the data of 2008, we try to describe the impact of scale and product differentiation in 282 European
banks. While evidence of the economies of scale is less clear, the results obtained using a translogarithmic function system
show that significant economies of scope do exist even for new banking products like derivatives.
相似文献
Giovanna TagliabueEmail: |
11.
We study interactions between two policymakers, central bank and government, in managing public debt as the result of a two-stage
game. In the first stage, the institutional regime is established. This determines the equilibrium solution for the second
stage, in which a differential game is played between the two policymakers. It is shown that, if the policymakers can communicate
before the game is played (multiple-equilibrium), coordination problems can be solved by using the concept of correlated equilibrium.
相似文献
Debora Di GioacchinoEmail: |
12.
We test the hypothesis that the sector bias of skill biased technical change is important in explaining the rising relative
wage of skilled workers in the manufacturing sector in three Central and Eastern European transition countries. The econometric
results broadly confirm that the concentration of skill biased technical change in the skill intensive sectors had a significant
effect on the skill premium in these transition countries.
相似文献
Robert Stehrer (Corresponding author)Email: |
13.
Organized legal professions often play a central role in successful institutional development. The paper’s model examines how legal professions affect institutional reform. Professional review of reform proposals solves a politician’s informational problem in a way that makes democracy, political stability, and professional power substitutes. The model’s applicability is examined by showing that its predictions track the fortunes of lawyers in the USSR and early transition and are consistent with events in 1688 in England and 1789 in France, indicating why these two revolutions had different consequences. The model suggests why and when civil law and common law systems differ.
相似文献
Peter MurrellEmail: |
14.
Marco Montanari 《Constitutional Political Economy》2006,17(4):277-301
Italy has experienced a double political phenomenon over the last few decades: a transfer of powers to a supranational entity (the EU) and a move towards regional autonomy. This paper aims to evaluate how policy competences are attributed to and exercised by the European, national and regional institutions. It develops a set of quantitative indicators analysing the legislative production of the EU, the Italian parliament and the Italian regions in various policy areas. The main findings indicate a certain substitutability between European and national legislation and that different levels of government share competences in a larger number of sectors than suggested by the economic theory.
相似文献
Marco MontanariEmail: |
15.
Cristiano Antonelli 《Journal of Evolutionary Economics》2007,17(4):451-471
The economics of regulation has articulated the notions of essential facility and mandated interconnection. Their application
to the governance of technological knowledge can be fruitful especially when implemented by the adoption of a compensatory
liability rule and the parallel reduction in the exclusivity of patents. Because knowledge is at the same time an output and
an input in the production of new knowledge, exclusivity, traditionally associated to patents, is the cause of actual knowledge
rationing with major drawbacks in terms of both static and dynamic efficiency. This institutional innovation can improve the
governance of technological knowledge and increase both its rates of dissemination and generation.
相似文献
Cristiano AntonelliEmail: |
16.
Art Carden 《The Review of Austrian Economics》2009,22(1):1-19
Ludwig von Mises argued that capital goods were “conservative elements” that constrain future production decisions. Similarly,
social capital and institutions also constrain future production decisions. These insights are applied to the institutional
transformation of the post-Reconstruction American South. It is argued that the structure of social capital that developed
in the South was inappropriate to the formal institutions that emerged as a result of the Civil War and Reconstruction. The
tensions between institutions and social capital are examined in the context of racist lynching.
相似文献
Art CardenEmail: |
17.
The authors welcome criticisms emanating from neoclassical critics of Austrian economics. We congratulate Laidler for transcending
the usual modes of macroeconomic analysis to take on praxeological considerations. This paper should be interpreted as a welcome
for his efforts in the hope that they will be widely emulated within the profession.
相似文献
William Barnett IIEmail: |
18.
Economists in the institutional tradition have spent a great deal of time dealing with the notions of governance and the state.
Yet that school of thought has yet to develop a complete unified theory of either governance or the state. In the work Commons
and Veblen we see very different levels of analysis and commentary on these issues. Both authors are recognized as founding
thinkers in the Institutional school yet they differ on how they use their methods and they have differing ideas about the
usefulness of the state. Still, considered together they present a fairly complete and useable set of ideas about how governance
and the state work. This essay summarizes, clarifies, and somewhat expands on the views held by Commons and Veblen with the
view of moving towards a clear and concise institutional theory of the state.
相似文献
Thomas KempEmail: |
19.
In the present article the time series of the decomposition of Greek real GDP are investigated for the presence of a unit
root, allowing for a maximum of two breaks which take place at an unknown point in time. This methodology is preferred to
the conventional Dickey and Fuller tests because the covered time horizon, namely from 1858 to 1938, is characterized by a
number of very important events, the nature of which is either economic or historical.
相似文献
Erotokritos VarelasEmail: |
20.
Between 1955 and 1987, Austrian trade with Eastern Europe was characterized by specific factors. On the one hand, trade flows
were influenced by the central planning system in Eastern Europe. On the other hand, Austria applied non-standard policy tools
to manage Eastern trade. Furthermore, Austrian trade with Eastern Europe was affected by the implementation of the free trade
agreement with the European Communities (EC) and the change in the institutional framework for Eastern trade in the early
1970s. Austrian Eastern exports were fostered by increased export subsidies and barter trade. We assess the net effects of
these contradictory measures of trade policy by estimating aggregate import and export equations and testing for a structural
break in 1973. Our results are consistent with the view that Austria subsidized Eastern exports to pursue a countercyclical
policy after 1973.
相似文献
Andreas ReschEmail: |