Efficiency, Welfare, and Political Competition
Author | : Felix J. Bierbrauer |
Publisher | : |
Total Pages | : 46 |
Release | : 2014 |
Genre | : |
ISBN | : |
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Author | : Felix J. Bierbrauer |
Publisher | : |
Total Pages | : 46 |
Release | : 2014 |
Genre | : |
ISBN | : |
Author | : Stanley L. Winer |
Publisher | : Cambridge University Press |
Total Pages | : 151 |
Release | : 2022-10-06 |
Genre | : Political Science |
ISBN | : 1009020226 |
Why is an understanding of political competition essential for the study of public economics and public policy generally? How can political competition be described and understood, and how does it differ from its strictly economic counterpart? What are the implications of the fact that policy proposals in a democracy must always pass a political test? What are the strengths and weaknesses of electoral competition as a mechanism for the allocation of economic resources? Why are tax structures in democratic polities so complicated, and what implications follow from this for normative views about good policy choice? How can the intensity of political competition be measured, why and how does it vary in mature democracies, and what are the consequences? This Element considers how answers to these questions can be approached, while also illustrating some of the interesting theoretical and empirical work that has been done on them.
Author | : Tibor Scitovsky |
Publisher | : Psychology Press |
Total Pages | : 488 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780415314091 |
Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole.
Author | : Ivan Pavletic |
Publisher | : vdf Hochschulverlag AG |
Total Pages | : 235 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 3728132969 |
Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and success of transition reforms. Evidence shows that in countries with a sufficient degree of political competition, citizens responded to economic crises by calling for economic liberalization. Economic liberalization removed existing distortions, increased economic efficiency and raised public welfare. This activated a dynamic, self-enforcing reform process that also strengthened the political and economic power of the poor. In the absence of political competition, such a process failed to emerge, thereby contributing to the persistence of poverty. Based on these findings, there is good reason to postulate that some level of political competition is essential for transition reforms to improve economic efficiency and public welfare in a sustainable manner.
Author | : Dennis C. Mueller |
Publisher | : Springer Science & Business Media |
Total Pages | : 397 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461555590 |
Competition, Efficiency and Welfare contains a collection of papers in honor of Manfred Neumann. This collection was prepared as a tribute to a teacher and scholar, whose accomplishments have enriched various fields of economics. The magnitude of his interests is reflected in the breadth of topics covered in this volume: industrial economics, competition policy and related topics. However, if one unifying principle runs through Manfred Neumann's work, it is the belief in the power of competition. Born on May 16, 1933, Manfred Neumann studied economics at the University of Cologne. He graduated in 1960. In 1969 Manfred Neumann was appointed Professor of Economics at Nürnberg University. He was Dean of the Faculty of Economics and Social Sciences of the University of Erlangen-Nürnberg, President of the European Association for Research in Industrial Economics (EARIE) and Chairman of Industrial Organization Study Group of the Verein für Sozialpolitik. Most of his professional career has been spent at Nürnberg, where he has helped to make the Economic Institute one of the leading research centers in Industrial Organization. He has also been involved in various advisory activities. The volume contains 18 essays. The first twelve are grouped into four categories: Innovation and R&D (Part I), Cartels (Part II), Mergers and Merger Policy (Part III), and Methodological Issues in Industrial Organization (Part IV). These papers fall within the bounds of industrial economics, which has been Manfred Neumann's primary research interest throughout his career. Part V includes two papers on theories of international trade, which has been a recurring topic of interest for Manfred Neumann through the years. The last three papers look at broader policy and macroeconomic issues. Contributors to this volume include Karl Aiginger, David B. Audretsch, Paul A. Geroski, Stephen Martin and Dennis Mueller.
Author | : John V. Nye |
Publisher | : |
Total Pages | : 0 |
Release | : 2012 |
Genre | : |
ISBN | : |
Does political competition matter for public policies under conditions of imperfect elections and autocracy? Which mechanisms of accountability give better results in terms of social welfare under conditions of suppressed political competition? To answer these questions we use panel data covering 74 Russian regions for 2004-2009 and study how the intensity of political competition within legislative power affects efficiency of governors accountability' mechanisms. We show that in regions with a near monopoly of political power, increased administrative subordination of executives is associated with fewer public goods, specifically public education and public health care. By contrast, informal mechanisms of accountability for local executives (like networking) often work worse in heavily competitive environments. Moreover, we find evidence of a non-monotonic relationship between the intensity of political competition, the efficiency of accountability mechanisms, and some measures of public goods.
Author | : Katherine M. Gehl |
Publisher | : Harvard Business Press |
Total Pages | : 316 |
Release | : 2020-06-23 |
Genre | : Political Science |
ISBN | : 1633699242 |
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.
Author | : Tibor Scitovsky |
Publisher | : Homewood, Ill : R. D. Irwin |
Total Pages | : 520 |
Release | : 1971 |
Genre | : Microeconomics |
ISBN | : |
Author | : Ivan Pavletic |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9783728133113 |
Abstract: Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and success of transition reforms. Evidence shows that in countries with a sufficient degree of political competition, citizens responded to economic crises by calling for economic liberalization. Economic liberalization removed existing distortions, increased economic efficiency and raised public welfare. This activated a dynamic, self-enforcing reform process that also strengthened the political and economic power of the poor. In the absence of political competition, such a process failed to emerge, t
Author | : Antonio Jorge |
Publisher | : Fairleigh Dickinson Univ Press |
Total Pages | : 104 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Deals with competition and cooperation as antithetical approaches to human interaction in the social field. This innovative study advocates a new and difference perspective on the joined disciplines of history, economic theory, and the social sciences.