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Market failure vs. system failure as a rationale for economic policy? : a critique from an evolutionary perspective

Schmidt, Peter - 2015

This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...

Persistent link: https://www.econbiz.de/10011403857

A Framework for Understanding Property Regulation and Land Use Control from a Dynamic Perspective

Kochan, Donald J. - 2015

Our land use control system operates across a variety of multidimensional and dynamic categories. Learning to navigate within and between these categories requires an appreciation for their interconnected, dynamic, and textured components and an awareness of alternative mechanisms for achieving...

Persistent link: https://www.econbiz.de/10014135133

Responsible Regulation : A Sensible Cost-Benefit, Risk vs. Risk Approach to Federal Health and Safety Regulation

Calandrillo, Steve - 2015

Federal health and safety regulations have saved or improved the lives of thousands of Americans, but protecting our citizens from risk entails significant costs. In a world of limited resources, we must spend our regulatory dollars responsibly in order to do the most we can with the money we...

Persistent link: https://www.econbiz.de/10014066061

The Theory of Agency : The Policing 'Paradox' and Regulatory Behavior

Mitnick, Barry M. - 2007

public regulation, this can take the form of producing a more honest or better-behaved regulatory agent in a government that …

Persistent link: https://www.econbiz.de/10012775836

Regulation and Taxation : Analyzing Policy Interdependence

Hettich, Walter; Winer, Stanley L. - 2005

The paper draws attention to the interdependence of regulation and taxation. We analyze the nature of policy … policy instruments in a framework that embodies relationships common in the literature on political economy. Regulation is … and increased off-shore production also have substantial consequences for tax rates as well as regulation. The paper …

Persistent link: https://www.econbiz.de/10014072424

Policy Advice as an Investment Problem

Heine, Klaus - 2018

From the viewpoint of Public Choice theory, the logic of electoral competition makes it difficult for rational, self-interested politicians to advance unpopular reforms. As political decision-makers have primarily the aim of re-election in mind, 'inconvenient' scientific policy advice often...

Persistent link: https://www.econbiz.de/10012929059

Moral Tethers

Mitnick, Barry M. - 2009

Agents are either guided directly by the elicited or communicated preferences of their principals, including both the conditions or states that their principals value and the particular actions the principals prefer that agents use to realize those states (goal priority), or can research clues...

Persistent link: https://www.econbiz.de/10014046422

Garcia, Kristelia - 2019

Regulatory arbitrage — defined as the manipulation of regulatory treatment for the purpose of reducing regulatory costs or increasing statutory earnings — is often seen in heavily-regulated industries. An increase in the regulatory nature of copyright, coupled with rapid technological...

Persistent link: https://www.econbiz.de/10012899681

Drug prices and pressure group activities in the German health care market : an application of the Becker model

Busch, Anne Maria - 2015

This article analyzes the shifts of power relation and influence between pharmaceutical industry (producers), pharmacies, and social health insurers (SHI) in Germany based on drug prices. Since the health care reform of 2004, these interest groups have negotiated fees and discounts among each...

Persistent link: https://www.econbiz.de/10010529890

Downs` ökonomische Theorie der Demokratie 2.0 : politische Präferenzen und Gleichheitsaversion

Sell, Friedrich L.; Stratmann, Felix - 2011

Nach einem kurzen Rückblick auf das Downs-Modell diskutieren wir anhand empirischer Daten aus Deutschland dessen heutige Relevanz unter Berücksichtigung der aus der Fairness-Literatur bekannten Ungleichheitsaversion (UA). Dabei wird der Begriff der sozialen Präferenzen um das neue Konzept der...

Persistent link: https://www.econbiz.de/10008986628