New Institutional Economics最新文献_第5页

Governance and Accountability: The Regional Development Banks 治理与问责制:区域开发银行

New Institutional Economics Pub Date : 2008-12-01 DOI: 10.4324/9781315254098-6

E. Carrasco, Wesley V. Carrington, Heejin Lee

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引用次数: 10

Coercion and Exchange: How Did Markets Evolve? 强制与交换:市场是如何演变的?

New Institutional Economics Pub Date : 2008-11-19 DOI: 10.2139/ssrn.1304204

A. Greif

引用次数: 25

The Institutional Dynamics of Early Modern Eurasian Trade: The Commenda and the Corporation 近代早期欧亚贸易的制度动力:赞扬与公司

New Institutional Economics Pub Date : 2008-11-03 DOI: 10.2139/ssrn.1294095

Ron Harris

引用次数: 54

The (Im)possibility of Reverse Share Tenancy (i)反向共享租赁的可能性

New Institutional Economics Pub Date : 2008-10-31 DOI: 10.2139/ssrn.1292957

Marc F. Bellemare

引用次数: 3

Building Better Agents: Toward a Science of Value Competition 构建更好的代理商:走向价值竞争的科学

New Institutional Economics Pub Date : 2008-10-27 DOI: 10.2139/ssrn.1290676

Wayne Eastman

{"title":"Building Better Agents: Toward a Science of Value Competition","authors":"Wayne Eastman","doi":"10.2139/ssrn.1290676","DOIUrl":"https://doi.org/10.2139/ssrn.1290676","url":null,"abstract":"The aim of this paper is to delineate certain elements of a potential utilitarian science of value competition. I first sketch out four significant dimensions on which I claim that modern societies from the late eighteenth century on have differentiated themselves from their predecessors by fostering a competition of values: 1) the good and the right-Benthamite utility against Kantian rights; 2) calculation and culture in management-Scientific Management and its scions against Human Relations and its scions; 3) democratic politics-the center-left against the center-right; and 4) individual and community welfare-personal self-realization against the good of the whole. This initial part of the paper assesses briefly the extent to which value competition in the four dimensions has contributed to enhanced social welfare in modern societies. In the second section, I argue that competing values can be understood as vehicles to align politicians, managers, professionals, and individuals with social welfare and to reduce the costs of their doing socially valuable work. The third section applies the agency perspective to each of the essay's four dimensions of value competition, analyzing how the alignment and misalignment of agents' incentives with social welfare occurs in the different types of value competition and the particular difficulties of achieving proper alignment in situations in which coercive authority is exercised. The fourth section examines ways in which a philosophy and sciences of value competition may support efforts to make societies and the institutions and people within them better. The fifth section contends that conditions in the early twenty-first century favor the birth and development of a science of value competition by comparison with conditions in the nineteenth and early twentieth centuries. The final section of the paper reflects upon possible problems of nihilism and demoralization associated with a potential science of value competition.","PeriodicalId":383948,"journal":{"name":"New Institutional Economics","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129149376","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

Brain Drain or Brain Gain? The New Economics of Brain Drain Reconsidered 人才流失还是人才增加?重新考虑人才流失的新经济学

New Institutional Economics Pub Date : 2008-10-22 DOI: 10.2139/ssrn.1288043

J. Brzozowski

{"title":"Brain Drain or Brain Gain? The New Economics of Brain Drain Reconsidered","authors":"J. Brzozowski","doi":"10.2139/ssrn.1288043","DOIUrl":"https://doi.org/10.2139/ssrn.1288043","url":null,"abstract":"The debate on the economic implications of skilled migration for the home countries is a long-lasting phenomenon. This issue has been discussed for almost fifty years. During this period, most of the scholars (eg. Bhagwati and Hamada 1974, Portes, 1976) believed that skilled migration is detrimental for the countries of origin, while the host economies benefited from the inflow of skilled labor. Thus the notion of brain drain - harmful for the developing economies, and brain gain - profitable for developed countries - came into being, and is still present in the literature. However, in the mid of 1990s, a new strand of research on skilled migration became visible. This new school - the new economics of brain drain - argued that brain drain must not be detrimental for the countries of origin. Under certain circumstances, migration of professionals from developing economies may be in fact a \"blessing in disguise\" - and the potential gains could be higher than costs.The economists (such as Mountford, 1997, Beine et al., 2001 and 2003, Stark, 2005) from the new economics of brain drain have renewed the discussion on the economic consequences of skilled migration. However, their optimistic view of brain drain has been heavily criticized. The paper presents the main propositions of this new approach. Then it discusses the claims of the opponents of new economics of brain drain and brings new explanations why the brain drain is detrimental: both on theoretical and empirical ground.","PeriodicalId":383948,"journal":{"name":"New Institutional Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129634230","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: 15

Peremptory Norms as an Aspect of Constitutionalisation in the International Legal System 强制性规范:国际法系宪政化的一个方面

New Institutional Economics Pub Date : 2008-10-19 DOI: 10.1007/978-90-6704-521-6_10

Alexander Orakhelashvili

引用次数: 6

Fiat without Authority under Vertical Integration 菲亚特在垂直整合下没有权力

New Institutional Economics Pub Date : 2008-10-17 DOI: 10.2139/ssrn.1285960

Giorgio Zanarone

引用次数: 1

Finding the Way to Shambala: How to Intelligently Use the Tarp and Rescue the Financial System without Getting Lost in Myths 寻找香巴拉之路:如何明智地使用问题资产救助计划和拯救金融体系，而不会迷失在神话中

New Institutional Economics Pub Date : 2008-10-10 DOI: 10.2139/ssrn.1291309

Carlos Mauricio Mirandola

{"title":"Finding the Way to Shambala: How to Intelligently Use the Tarp and Rescue the Financial System without Getting Lost in Myths","authors":"Carlos Mauricio Mirandola","doi":"10.2139/ssrn.1291309","DOIUrl":"https://doi.org/10.2139/ssrn.1291309","url":null,"abstract":"The implementation of the Troubled-Assets Relief Program - TARP will be a great challenge. Implementing authorities should focus on three issues: (a) conflicting policy orientations received from Congress, (b) the asymmetry of information between the government and the holders of troubled assets, and (c) the complex and sometimes perverse incentive structure under which government agents buying the assets will operate.This paper does two things. First, it questions the excessive faith in the isolated operation of four elements of the TARP: (1) the improved capacity of the Treasury to determine the value of troubled assets, (2) the use of auctions, (3) the external oversight and accountability clauses, and (4) the devices that allow the Treasury to hold in its portfolio troubled assets and shareholdings in financial institutions. Second, it proposes an implementation plan that emphasizes (a) a diversity and plurality of structures with more complex ownership, capital and control schemes; (b) sequencing; (c) mechanism and incentives scheme design.The implementation plan to be unveiled relies on a 4-stage timeframe and three different investment structures: (1) a government-managed fund, (2) government-sponsored hedge funds, and (3) leveraged private equity funds. Each structure should be deployed in the stage indicated by timeframe established in order to maximize gains and attain the policy goals sought. The first stage should seek to unfreeze and unclog the market, mildly recapitalize financial institutions, and create confidence; the second should seek to reignite the markets, make them move faster and correct some incentive problems; the third stage should seek to improve incentives, reduce taxpayers' exposure and increase private investors' participation, speed up the market, and boost liquidity; the fourth stage should seek to reduce risks for taxpayers and start recovering the investments/losses associated with the program.","PeriodicalId":383948,"journal":{"name":"New Institutional Economics","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132215142","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

Free Banking, the Real-Balance Effect, and Walras' Law 自由银行、实际平衡效应和瓦尔拉斯定律

New Institutional Economics Pub Date : 2008-09-26 DOI: 10.52195/PM.V7I1.286

L. Van Den Hauwe

{"title":"Free Banking, the Real-Balance Effect, and Walras' Law","authors":"L. Van Den Hauwe","doi":"10.52195/PM.V7I1.286","DOIUrl":"https://doi.org/10.52195/PM.V7I1.286","url":null,"abstract":"The author of this article draws special attention to two particular claims of the free bankers concerning the supposed working characteristics of a fractional-reserve free banking system which may strike the reader as questionable. The first of these relates to the alleged absence of a real-balance effect under free banking. The second relates to the free bankers’ reference to Walras’ Law as providing a rationale for the free banking system’s «offsetting» actions when confronted with changes in the public’s demand to hold bank liabilities. This rationale is defective since it is based on an erroneous interpretation of Walras’ Law. The author’s conclusion does not imply that it is not at all possible, from a rational viewpoint, to make a plausible case for this variant of free banking, only that the argument should be freed from certain questionable tenets. \u0000Key words: Free banking, monetary systems, real-balance effects, Walras’ Law. \u0000JEL Classification: E0; E32; E42; E5; E51; E52. \u0000Resumen: El autor de esta nota llama la atención sobre dos alegaciones particulares relativas a las supuestas características operativas de una banca libre con reserva fraccionaria que podrían resultar cuestionables al lector. La primera se refiere a la supuesta ausencia de efectos de saldo real en la banca libre. El segundo guarda relación con la referencia de los teóricos de la banca libre con reserva fraccionaria a la Ley de Walras que constituiría la base lógica de las acciones «de compensación» de la banca libre al enfrentarse a cambios en la demanda de medios fiduciarios por parte del público. Esta base lógica es defectuosa puesto que parte de una interpretación errónea de la Ley de Walras. La conclusión del autor no implica que no sea posible en absoluto, desde un punto de vista racional, elaborar una argumentación plausible para esta variante de la banca libre, sino que la argumentación debe estar libre de determinados argumentos cuestionables. \u0000Palabras clave: Banca libre, sistemas monetarios, efectos de saldo real, Ley de Walras. \u0000Clasificación JEL: E0; E32; E42; E5; E51; E52.","PeriodicalId":383948,"journal":{"name":"New Institutional Economics","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123898229","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: 2