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30 produkter
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The emergence of New Institutional Economics toward the end of the twentieth century profoundly changed our ideas about the organization of economic systems and their social and political foundations. Imperfect Institutions explores recent developments in this field and pushes the discussion forward by allowing for incomplete knowledge of social systems and unexpected system dynamics and, above all, by focusing explicitly on institutional policy. Empirical studies extending from Africa to Iceland are cited in support of the theoretical argument.
In Imperfect Institutions Thráinn Eggertsson extends his attempt to integrate and develop the new field that began with his acclaimed Economic Behavior and Institutions (1990), which has been translated into six languages. This latest work analyzes why institutions that create relative economic backwardness emerge and persist and considers the possibilities and limits of institutional reform.
Thráinn Eggertsson is Professor of Economics at the University of Iceland and Global Distinguished Professor of Politics at New York University. Previously published works include Economic Behavior and Institutions (1990) and Empirical Studies in Institutional Change with Lee Alston and Douglass North (1996).
Häftad, Engelska, 2005
463 kr
Skickas inom 5-8 vardagar
The emergence of New Institutional Economics toward the end of the twentieth century profoundly changed our ideas about the organization of economic systems and their social and political foundations. Imperfect Institutions explores recent developments in this field and pushes the discussion forward by allowing for incomplete knowledge of social systems and unexpected system dynamics and, above all, by focusing explicitly on institutional policy. Empirical studies extending from Africa to Iceland are cited in support of the theoretical argument.In Imperfect Institutions Thráinn Eggertsson extends his attempt to integrate and develop the new field that began with his acclaimed Economic Behavior and Institutions (1990), which has been translated into six languages. This latest work analyzes why institutions that create relative economic backwardness emerge and persist and considers the possibilities and limits of institutional reform.Thráinn Eggertsson is Professor of Economics at the University of Iceland and Global Distinguished Professor of Politics at New York University. Previously published works include Economic Behavior and Institutions (1990) and Empirical Studies in Institutional Change with Lee Alston and Douglass North (1996).
Häftad, Engelska, 2001
365 kr
Skickas inom 7-10 vardagar
This book models the emergence of the state, and the forces that shape it. State creation is bound to protection needs. A specialized protector-ruler is efficient, but is also self-seeking. Individuals will install a ruler only after they create a mechanism to control him. Among the offshoots of the organized protection are legal system and decision-making procedures that include voting. The initial 'state of nature' may gradually evolve into a rule-of-law state. The state endows individuals with rights by delineating what it will protect. Enforcement, however, is never perfect. People use third parties such as firms to enforce agreements. As commodities become standardized, scale economies increase. In order to exploit the economies of within-state enforcement, the state will expand the contact enforcement territory by treaty or by conquest. The force may explain the creation of rule-of-law empires.
Häftad, Engelska, 2005
464 kr
Skickas inom 7-10 vardagar
The Efficient Secret is an analysis of the institutional changes in parliamentary government in nineteenth-century England, concentrating on the years between the first and third Reform Acts. Professor Gary W. Cox employs a rational choice model to analyze the problems of voter choice and to examine the emergence of party loyalty in the electorate, the development of cabinet government, and their legislative consequences. The introductory chapters provide the historical setting for this study and briefly survey nineteenth-century political and economic events. Professor Cox then focuses on the increases in party voting in Parliament and in the electorate. To support his argument concerning these parallel developments, he uses statistical evidence drawn from poll books and newspapers.
Häftad, Engelska, 2006
464 kr
Skickas inom 7-10 vardagar
This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political battles between the Democrats and Republicans regarding the centralization of authority to set monetary policy within the Federal Reserve System. The study extends the analysis to the European Central Bank and shows that the Federal Reserve process is more representative of society than the European Central Bank process.
Häftad, Engelska, 2006
464 kr
Skickas inom 7-10 vardagar
When Majorities Fail is a study of institutional failure in Russia's first democratic legislature. Inadequate rules and a chaotic party system combined to make it nearly impossible to pass a coherent legislative program, including a new constitution. The internal instability in Russia's parliament is known as cycling, one of the most important theoretical concepts in formal study of legislatures. There are few recorded cases of cycling in politically important settings. This book documents the presence of cyclical majorities in Russian Parliament with comprehensive case and statistical analysis, and demonstrates how the failure to adopt a new constitution led to the confrontation between parliament and president in the fall of 1993. Earlier research has shown that the design of a legislative institution is crucial in preventing cycling. The author shows how the institutional design of the parliament failed, underscoring the importance of institutional design in a democratic transition.
Häftad, Engelska, 1990
590 kr
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An important research programme has developed in economics that extends neo-classical economic theory in order to examine the effects of institutions on economic behaviour. The body of work emerging from this line of inquiry includes contributions from various branches of economic theory, such as the economics of property rights, the theory of the firm, cliometrics and law and economics. This book is a comprehensive survey of this research programme which the author terms 'neoinstitutional economics'. The author proposes a unified approach to this research, integrating the work of various contributors and emphasising the common principles of inquiry that tie the work together. The theoretical discussion is accompanied by empirical studies dealing with a range of institutions and economic systems. This book will serve as the primary resource for economists and students who want to learn about this important branch of economic theory.
Inbunden, Engelska, 1992
1 050 kr
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In organisation theory a schism has developed between the traditional organisational behaviour literature, based in psychology, sociology and political science, and the more analytically rigorous field of organisational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the roles of political conflict, collective action, and leadership in an organisation. Applying game theory to the analysis of the roles of cooperation and political leadership in organisational hierarchies, he concludes that the organisation whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage.
Inbunden, Engelska, 1992
1 254 kr
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In The Fruits of Revolution Jean-Laurent Rosenthal investigates two central questions in French economic history: To what extent did institutions hold back agricultural development under the Old Regime, and did reforms carried out during the French Revolution significantly improve the structure of property rights in agriculture? Both questions have been the subject of much debate. Historians have touched on them in a number of local studies, yet usually they have been more concerned with community conflict than with economic development. Economists generally have researched the performance of the French economy without paying much attention to the impact of institutions on specific areas of the economy. This book attempts to utilize the best of both approaches: It focuses on broad questions of economic change, yet it is based on detailed archival investigations of the impact of property rights on water control.
Inbunden, Engelska, 1993
1 240 kr
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The states of Egypt, India, Mexico and Turkey have all developed extensive public enterprise sectors and have sought to regulate most economic activities outside the state sector. Their experiences have been typical of scores of developing countries that followed similar paths of industrialisation. This 1993 study examines the origins of these state sectors, the dynamics of their growth and crises, and the efforts to reform or liquidate them. It is argued that public ownership creates its own culture and pathology that are similar across otherwise different systems. The logic of principal-agent relations under public ownership is so powerful that it swamps culture and peculiar institutional histories. While public sectors accumulate powerful associated interests over time, against most predictions these prove relatively powerless to block the reform process.
Häftad, Engelska, 1993
444 kr
Skickas inom 7-10 vardagar
The states of Egypt, India, Mexico and Turkey have all developed extensive public enterprise sectors and have sought to regulate most economic activities outside the state sector. Their experiences have been typical of scores of developing countries that followed similar paths of industrialisation. This 1993 study examines the origins of these state sectors, the dynamics of their growth and crises, and the efforts to reform or liquidate them. It is argued that public ownership creates its own culture and pathology that are similar across otherwise different systems. The logic of principal-agent relations under public ownership is so powerful that it swamps culture and peculiar institutional histories. While public sectors accumulate powerful associated interests over time, against most predictions these prove relatively powerless to block the reform process.
Häftad, Engelska, 1994
478 kr
Skickas inom 7-10 vardagar
In this book the author examines the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements. The histories of mineral rights, rights to range and timber land, as well as fishery and crude oil production rights in the United States are examined and reveal a surprising variety of contractual negotiations and economic outcomes. The author concludes that in addition to an analysis of distributional outcomes, an examination of the details of the political bargaining underlying property rights contracts is essential to an understanding of why rights emerge as they do. The book is an important contribution to both property rights theory and to American economic history.
Häftad, Engelska, 1993
444 kr
Skickas inom 7-10 vardagar
In organisation theory a schism has developed between the traditional organisational behaviour literature, based in psychology, sociology and political science, and the more analytically rigorous field of organisational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the roles of political conflict, collective action, and leadership in an organisation. Applying game theory to the analysis of the roles of cooperation and political leadership in organisational hierarchies, he concludes that the organisation whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage.
Inbunden, Engelska, 1995
644 kr
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In the latter-half of the nineteenth century and the first half of the twentieth century, Japan underwent two major shifts in political control. In the 1910s, the power of the oligarchy was eclipsed by that of a larger group of professional politicians; in the 1930s, the focus of power shifted again, this time to a set of independent military leaders. In this book, Ramseyer and Rosenbluth examine a key question of modern Japanese politics: why the Meiji oligarchs were unable to design institutions capable of protecting their power. The authors question why the oligarchs chose the political institutions they did, and what the consequences of those choices were for Japan's political competition, economic development, and diplomatic relations. Indeed, they argue, it was the oligarchs' very inability to agree among themselves on how to rule that prompted them to cut the military loose from civilian control - a decision that was to have disastrous consequences not only for Japan but for the rest of the world.
Häftad, Engelska, 1995
462 kr
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This book applies the basic ideas and models of economics to develop a single transactions framework to explain the key institutional arrangements across the whole range of public sector organization: the regulatory commission, the executive tax-financed bureau, and the state-owned enterprise. This book also explores the link between agency form and administrative function, agency independence from the legislature, the rights extended to private interests to influence administrative decision making, the role of civil service arrangements that are so often seen as simply frustrating efficiency and responsiveness, and the boundary between public and private sectors. This book should be of value to those with a practical interest in public administration as well as students of political science, public administration, economics, and public policy.
Inbunden, Engelska, 1996
783 kr
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Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.
Häftad, Engelska, 1996
444 kr
Skickas inom 7-10 vardagar
Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.
Inbunden, Engelska, 1996
1 378 kr
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Employing a rational-choice approach, Professor Ramseyer studies the impact of Japanese law on economic growth in Japan. Toward that end, the author investigates the way law governed various markets and the way that people negotiated contracts within those markets. For much of the period at stake, the Japanese government was an oligarchy rather than a democracy; the judges operated a civil rather than common law regime; the economy grew modestly but erratically; and social customs changed rapidly and radically. As a result, this study applies an economic logic, but to markets in a vastly different world, in a different historical period, and with a different political regime and legal system. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests. Whether in the markets for indentured servants, prostitutes, or marriage partners, Odd Markets in Japanese History reports little evidence of either age- or gender- related exploitation.
Häftad, Engelska, 1996
458 kr
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Economists have devoted considerable effort to explaining how a market economy functions, but they have given a good deal less attention to explaining how a market economy is formed. In Making a Market, Jean Ensminger analyses the process by which the market was introduced into the economy of a group of Kenyan pastoralists. Professor Ensminger employs new institutional economic analysis to assess the impact of new market institutions on production and distribution, with particular emphasis on the effect of institutions on decreasing transaction costs over time. This 1993 study traces the effects of increasing commercialisation on the economic well-being of individual households, rich and poor alike, over considerable time and analyses the process by which institutions themselves are transformed as a market economy develops.
Inbunden, Engelska, 1997
1 473 kr
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Popular elections are at the heart of representative democracy. Thus, understanding the laws and practices that govern such elections is essential to understanding modern democracy. In this book, Cox views electoral laws as posing a variety of coordination problems that political forces must solve. Coordination problems - and with them the necessity of negotiating withdrawals, strategic voting, and other species of strategic coordination - arise in all electoral systems. This book employs a unified game-theoretic model to study strategic coordination worldwide and that relies primarily on constituency-level rather than national aggregate data in testing theoretical propositions about the effects of electoral laws. This book also considers not just what happens when political forces succeed in solving the coordination problems inherent in the electoral system they face but also what happens when they fail.
Häftad, Engelska, 1997
395 kr
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Popular elections are at the heart of representative democracy. Thus, understanding the laws and practices that govern such elections is essential to understanding modern democracy. In this book, Cox views electoral laws as posing a variety of coordination problems that political forces must solve. Coordination problems - and with them the necessity of negotiating withdrawals, strategic voting, and other species of strategic coordination - arise in all electoral systems. This book employs a unified game-theoretic model to study strategic coordination worldwide and that relies primarily on constituency-level rather than national aggregate data in testing theoretical propositions about the effects of electoral laws. This book also considers not just what happens when political forces succeed in solving the coordination problems inherent in the electoral system they face but also what happens when they fail.
Häftad, Engelska, 1997
431 kr
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This book examines some fifty countries to ascertain how the chambers of bicameral legislatures interact when they produce legislation. An understanding of this interaction is essential because otherwise legislative behaviour in each chamber may be unintelligible or incorrectly interpreted. The book employs cooperative game theoretic models to establish that bicameral legislatures, when compared with unicameral legislatures, increase the stability of the status quo and reduce intercameral differences to one privileged dimension of conflict. Non-cooperative game theoretic models are used to investigate the significance of a series of insitutional devices used to resolve intercameral conflict where a bill is introduced, which chamber has the final word, how many times a bill can shuttle between chambers, and whether conference committees are called. Empirical evidence, mainly from the French Republic, is used to evaluate the arguments.
Inbunden, Engelska, 1997
1 110 kr
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Democratic governments are able to elicit, legally and legitimately, both money and men from their populations. Certainly there is tax evasion, draft evasion, and even outright resistance; yet to a remarkable extent citizens acquiesce and even actively consent to the demands of governments, well beyond the point explicable by coercion. This is a puzzle for social scientists, particularly those who believe that individuals are self-interested, rational actors who calculate only the private egoistic costs and benefits of possible choices. The provisions of collective good should never justify a quasi-voluntary tax payment and the benefits of a war could not possibly exceed the cost of dying. This book explains the institutionalization of policy in response to anticipated and actual citizen behaviour and the conditions under which citizens give, refuse and withdraw their consent. Professor Levi claims that citizens' consent is contingent upon the perceived fairness of both the government and of other citizens. Most citizens of democracies, most of the time, are more likely to give their consent if they believe that government actors and other citizens are behaving fairly toward them.
Häftad, Engelska, 1998
380 kr
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Votes without Leverage re-examines a long-standing puzzle in women's electoral politics. Namely why the increasing importance of women's votes throughout the 1920s did not imply increasing success for the lobbying efforts of women's organizations during the same period. Applying recent theoretical developments in the political economy of institutions and electoral behavior, Professor Harvey argues that female disenfranchisement prior to 1920 created incentives for leaders of women's organizations to invest in the pursuit of suffrage as a first step to achieving other policy benefits for women. When the battle over the right to vote was finally won, those leaders then required time to adapt their organizations to pursue a broader legislative agenda through conventional electoral politics. During this time, however, the major party organizations were able to initiate their own electoral mobilization of women, giving the parties significant advantages in imperfectly competitive markets for women's electoral mobilization. Without women's votes, those organizations ceased to be able to win policy concessions from vote-minded legislators, a state of affairs that would not significantly change until the accelerated decline of the parties as mobilization organizations in the 1960s.
Häftad, Engelska, 1997
380 kr
Skickas inom 7-10 vardagar
Democratic governments are able to elicit, legally and legitimately, both money and men from their populations. Certainly there is tax evasion, draft evasion, and even outright resistance; yet to a remarkable extent citizens acquiesce and even actively consent to the demands of governments, well beyond the point explicable by coercion. This is a puzzle for social scientists, particularly those who believe that individuals are self-interested, rational actors who calculate only the private egoistic costs and benefits of possible choices. The provisions of collective good should never justify a quasi-voluntary tax payment and the benefits of a war could not possibly exceed the cost of dying. This book explains the institutionalization of policy in response to anticipated and actual citizen behaviour and the conditions under which citizens give, refuse and withdraw their consent. Professor Levi claims that citizens' consent is contingent upon the perceived fairness of both the government and of other citizens. Most citizens of democracies, most of the time, are more likely to give their consent if they believe that government actors and other citizens are behaving fairly toward them.
Häftad, Engelska, 2000
380 kr
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The late-twentieth century has given rise to the most concentrated period of divided party government in American history. With one party controlling the presidency and the opposing party controlling Congress, the veto has inevitably become a critical tool of presidential power. Combining sophisticated game theory with unprecedented data, this book analyzes how divided party presidents use threats and vetoes to wrest policy concessions from a hostile Congress. Case studies of the most important vetoes in recent history add texture to the analysis, detailing how President Clinton altered the course of Newt Gingrich's Republican Revolution. Offering the first book-length analysis to bring rational choice theory to bear on the presidency, Veto Bargaining offers a major contribution to our understanding of American politics in an age of divided party government.
Inbunden, Engelska, 2001
1 143 kr
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This 2001 book explains why African countries have remained mired in a disastrous economic crisis since the late 1970s. It shows that dynamics internal to African state structures largely explain this failure to overcome economic difficulties rather than external pressures on these same structures as is often argued. Far from being prevented from undertaking reforms by societal interest and pressure groups, clientelism within the state elite, ideological factors and low state capacity have resulted in some limited reform, but much prevarication and manipulation of the reform process, by governments which do not really believe that reform will be effective, which often oppose reforms because they would undercut the patronage and rent-seeking practices which undergird political authority, and which lack the administrative and technical capacity to implement much reform. Over time, state decay has increased.
Inbunden, Engelska, 2001
714 kr
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This book models the emergence of the state, and the forces that shape it. State creation is bound to protection needs. A specialized protector-ruler is efficient, but is also self-seeking. Individuals will install a ruler only after they create a mechanism to control him. Among the offshoots of the organized protection are legal system and decision-making procedures that include voting. The initial 'state of nature' may gradually evolve into a rule-of-law state. The state endows individuals with rights by delineating what it will protect. Enforcement, however, is never perfect. People use third parties such as firms to enforce agreements. As commodities become standardized, scale economies increase. In order to exploit the economies of within-state enforcement, the state will expand the contact enforcement territory by treaty or by conquest. The force may explain the creation of rule-of-law empires.
Inbunden, Engelska, 2003
1 338 kr
Skickas inom 7-10 vardagar
This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political battles between the Democrats and Republicans regarding the centralization of authority to set monetary policy within the Federal Reserve System. The study extends the analysis to the European Central Bank and shows that the Federal Reserve process is more representative of society than the European Central Bank process.
Inbunden, Engelska, 2004
1 285 kr
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Constitutional courts have emerged as central institutions in many advanced democracies. This book investigates the sources and the limits of judicial authority, focusing on the central role of public support for judicial independence. The empirical sections of the book illustrate the theoretical argument in an in-depth study of the German Federal Constitutional Court, including statistical analysis of judicial decisions, case studies, and interviews with judges and legislators. The book's major finding is that the interests of governing majorities, prevailing public opinion, and the transparency of the political environment exert a powerful influence on judicial decisions. Judges are influenced not only by jurisprudential considerations and their policy preferences, but also by strategic concerns. By highlighting this dimension of constitutional review, the book challenges the contention that high court justices are largely unconstrained actors as well as the notion that constitutional courts lack democratic legitimacy.