New Institutional Economics eJournal最新文献

The Role Of Institutional Conditions In The Impact Of Economic Growth On Poverty 制度条件在经济增长对贫困影响中的作用

New Institutional Economics eJournal Pub Date : 2021-10-05 DOI: 10.25103/ijbesar.142.07

M. Razmi, Seyed Mohammad Javad Razmi, Seyed Saeed Malek Sadati

引用次数: 2

Regulating Big Tech: From Competition Policy to Sector Regulation? 监管大型科技公司:从竞争政策到行业监管?

New Institutional Economics eJournal Pub Date : 2021-09-30 DOI: 10.2139/ssrn.3938167

Oliver Budzinski, Juliane K. Mendelsohn

{"title":"Regulating Big Tech: From Competition Policy to Sector Regulation?","authors":"Oliver Budzinski, Juliane K. Mendelsohn","doi":"10.2139/ssrn.3938167","DOIUrl":"https://doi.org/10.2139/ssrn.3938167","url":null,"abstract":"The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of so-called gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a legal and from an economics perspective. Notwithstanding a number of benefits, we identify several issues with the current proposal. When looking at the core provisions of the proposal from an economic perspective, five issues of contention arise: many of the provisions seem to be quite narrow in scope and it seems difficult to extrapolate more general rules from them; the economic harm of some of the provisions is both uncertain and in principle debatable; the alleged distinction between different types of obligations cannot be verified, and, last but not least, while the DMA seeks to control existing gatekeepers, the “tipping” of markets and the rise of further gatekeepers is not guaranteed by this proposal; this in turn leads to a larger critical analysis of the gatekeeper as DMA’s norm addressee. From a legal perspective, the first hurdle is the lack of clarity pertaining to the nature and goals of the DMA, this is further compounded by procedural provisions and an enforcement regime with many uncertainties and loopholes – all of which tend to undermine the intended stringency of the regulation and its overall chances of making digital markets systemically more contestable and fairer. Thus, we think that a reform of the competition policy regime would better suit the need of regulating big tech.","PeriodicalId":330992,"journal":{"name":"New Institutional Economics eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115479866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Fast Computation of Securities Financing Loss Distribution in Joint Lognormal Credit and Jump Diffusion Asset Model 联合对数正态信用与跳跃扩散资产模型下证券融资损失分布的快速计算

New Institutional Economics eJournal Pub Date : 2021-06-26 DOI: 10.2139/ssrn.3874679

W. Lou

引用次数: 2

The Statutory and Institutional Framework for the Protection of the Rights of Consumers Against Unfair Terms in Consumer Contract: The Cameroonian Reality 保护消费者权利免受消费者合同中不公平条款侵害的法律和制度框架:喀麦隆的现实

New Institutional Economics eJournal Pub Date : 2021-03-18 DOI: 10.2139/ssrn.3807098

Tambe Hans Tambe

引用次数: 0

IMF Programs And Economic Growth: A Meta-Analysis 国际货币基金组织项目与经济增长:一个元分析

New Institutional Economics eJournal Pub Date : 2020-12-31 DOI: 10.2139/ssrn.3764393

H. Balima, A. Sokolova

引用次数: 8

An Anchor in Stormy Seas: Does Reforming Economic Institutions Reduce Uncertainty? Evidence From New Zealand 风暴中的锚:改革经济制度能减少不确定性吗?来自新西兰的证据

New Institutional Economics eJournal Pub Date : 2020-12-07 DOI: 10.2139/ssrn.3744456

Michael Ryan

引用次数: 1

Institutional Quality Causes Social Trust: Experimental Evidence on Trusting Under the Shadow of Doubt 制度质量导致社会信任:怀疑阴影下信任的实验证据

New Institutional Economics eJournal Pub Date : 2020-11-16 DOI: 10.21203/rs.3.rs-148870/v1

A. Martinangeli, Marina Povitkina, Sverker C. Jagers, Bo Rothstein

引用次数: 0

A Copernican Moment: Engaging Economics with Geoethics 哥白尼时刻:将经济学与地理伦理学结合

New Institutional Economics eJournal Pub Date : 2020-10-01 DOI: 10.2139/ssrn.3703505

Carsten Herrmann-Pillath

{"title":"A Copernican Moment: Engaging Economics with Geoethics","authors":"Carsten Herrmann-Pillath","doi":"10.2139/ssrn.3703505","DOIUrl":"https://doi.org/10.2139/ssrn.3703505","url":null,"abstract":"This chapter proposes a geocentric turn in economics that aims at radically transforming the performative functions of economics in contemporary capitalism: Inspired by an expression of John Stuart Mill, I outline the idea of the Earth as a ‘community of advantage’. The argument proceeds in two steps. The first is to switch from an anthropocentric to a geocentric conceptualization of the purpose of economic activity: The economy does not primarily serve human consumption but is a central element in Earth system regulation. This reflects the rise of the techno-sphere as a new regulatory layer in Earth system processes. The second is to combine the economic concept of externality with the creation of non-human rights which are represented in legal persons that are owned by non-human entities. This metamorphosis of rights is grounded in the fundamental norms of Rights of Earth. Non-humans are owners of legal persons which are managed by humans as stewards. As a result, the economy and the legal system morph to including both human and non-human interests in their operations. This implies that the performative functions of economics, after the geocentric turn, would also incorporate the geosciences and the life sciences. In the Earth as a community of advantage, geoethics would achieve a human scale, in the sense of realistic moral demands and commitments.","PeriodicalId":330992,"journal":{"name":"New Institutional Economics eJournal","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133687593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Three Ways to Redefine the Romance Between the Central Bank and Financial Markets in South Africa 重新定义南非央行与金融市场之间罗曼史的三种方式

New Institutional Economics eJournal Pub Date : 2020-07-20 DOI: 10.2139/ssrn.3656132

D. Zongwe

{"title":"Three Ways to Redefine the Romance Between the Central Bank and Financial Markets in South Africa","authors":"D. Zongwe","doi":"10.2139/ssrn.3656132","DOIUrl":"https://doi.org/10.2139/ssrn.3656132","url":null,"abstract":"In the past few years, a number of stakeholders have questioned the mandate of the South African Reserve Bank (SARB), the country’s central bank. Most notably, the Public Protector, some members of the ruling African National Congress (ANC) and the opposition party Economic Freedom Fighters (EFF), and even some (law) academics have called for the government to change the role or mandate of the SARB. At the same time, these loud calls to transform national institutions should not surprise anyone living in South Africa because they derive much of their strength from the fact that – as a consequence of a brutal history of institutionalized and legislated inequality, discrimination and apartheid – the country posts one of the world’s widest income disparities. Still, changing the SARB’s mandate is not as simple as amending the law that provides for it; it requires challenging the neo-liberal economics that mostly informs that law. Changing the SARB’s mandate also invites policy makers to rethink the way the central bank closely relates to financial markets. Accordingly, this article considers three possible ways to redefine the SARB’s legal relationship with financial markets. It examines insights from: (1) Keynesianism, (2) state-developmental-ism, and (3) sustainable development. It assesses these perspectives to determine which one could best replace the neoclassical economics behind the current SARB’s mandate. In the end, while the article does not settle on any of these alternatives, it puts forth a few pointers that policy makers could use in (re)fashioning a model for the SARB. The article argues that the calls for the transformation of the SARB’s role resonates in the South African context, but that the language of transformation and the legal approaches to this burning question have so far failed to indicate how this should be done in practice. The relationship between the SARB and financial markets powerfully illustrates the limits of these calls for transformation.","PeriodicalId":330992,"journal":{"name":"New Institutional Economics eJournal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126070718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Oliver E. Williamson: A Personal Appreciation 奥利弗·e·威廉姆森:个人欣赏

New Institutional Economics eJournal Pub Date : 2020-05-23 DOI: 10.2139/ssrn.3608952

S. Masten

引用次数: 1