Knowledge and Incentives in Policy

Using Public Choice and Market Process Theory to Analyze Public Policy Issues

AvStefanie Haeffele

Inbunden, Engelska, 2018

Del i serien Economy, Polity, and Society

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Beskrivning

The relative effectiveness of various institutions, such as the market or government, is based on the ability for individuals to access and use dispersed knowledge in society and the incentives that steer their actions. Market process theory emphasizes the effectiveness of the price system to consolidate and transmit knowledge in the marketplace.Together this framework provides new insights on the capability of individuals to cooperate and improve society, and the limits to government interventions in society. The original research in each chapter uses this economic way of thinking to analyze a variety of public policy issues, examining the incentives responsible for and the factors that contribute to the creation and effectiveness of the policies. These chapters, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.

Produktinformation

Utgivningsdatum:2018-06-08
Mått:163 x 229 x 25 mm
Vikt:671 g
Format:Inbunden
Språk:Engelska
Serie:Economy, Polity, and Society
Antal sidor:302
Förlag:Bloomsbury Publishing PLC
ISBN:9781786603975

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Mer om författaren

Stefanie Haeffele is the Deputy Director of Academic and Student Programs and a senior fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

Recensioner i media

Public policies are frequently driven by a combination of good intentions and special-interest politics. Understanding this, Knowledge and Incentives in Policy applies public choice and market process theory to analyse a diverse array of important public policy topics such as foreign aid, environmental protection, and land-use regulations. Equally important, the authors are as diverse as the topics covered.

Innehållsförteckning

Introduction, Stefanie HaeffelePart I – International PolicyCan Governments Create Bureaucratic Structures That Overcome Knowledge and Incentive Problems? An Analysis of the Millennium Challenge Corporation, Rosemarie FikeThe Political Economy of Intervention in the Conflict against ISIS, David WillePart II – Federal PolicyFDA Effectiveness Standards: Helpful or Harmful? Anna RiversExit, Voice, and Incentives: An Institutional Analysis of Urban Public School Districts, Rachel ReesePart III – State and Local PolicyFirm-Specific Tax Incentives: The Bad and the Ugly, Adam N. MichelA Better Tomorrow: Policy Reform and the Limitations of State-Led Targeted Economic Development, Courtney MichalukThe Political Economy of Casino Licensing: A Case Study on Maryland’s Experience, Candace McTeer MotticeThe Political Economy of D.C. School Choice: An Institutional Analysis of the Opportunity Scholarship Program,Allison KasicStifling Urban Development with Land-Use Regulation: A Case Study of Redevelopment in Tysons Corner, Virginia, Emily HamiltonAbout the Authors