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Journal of Private Enterprise最新文献

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The Durability of Legislative Benefits and the Role of the Executive Branch's Settlement Authority 立法利益的持久性与行政部门结算权的作用
Journal of Private Enterprise Pub Date : 2019-04-01 DOI: 10.2139/SSRN.3116603
Bryan P. Cutsinger
{"title":"The Durability of Legislative Benefits and the Role of the Executive Branch's Settlement Authority","authors":"Bryan P. Cutsinger","doi":"10.2139/SSRN.3116603","DOIUrl":"https://doi.org/10.2139/SSRN.3116603","url":null,"abstract":"Following the 2008 Financial Crisis, the U.S. Department of Justice required several large financial institutions to pay large cash settlements for their role in collapse of the residential mortgage-backed securities market. A fraction of these cash settlements was instead funneled to government-approved nonprofit beneficiaries, many of whom had had their government grants reduced by Congress. I argue that this transfer is an insurance contract that the government uses to improve the durability of contracts between special interest groups and the legislature.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131309722","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
Blockchains: Less Government, More Market 区块链:少政府，多市场
Journal of Private Enterprise Pub Date : 2018-12-16 DOI: 10.2139/SSRN.3301714
Alastair Berg, B. Markey-Towler, Mikayla Novak
{"title":"Blockchains: Less Government, More Market","authors":"Alastair Berg, B. Markey-Towler, Mikayla Novak","doi":"10.2139/SSRN.3301714","DOIUrl":"https://doi.org/10.2139/SSRN.3301714","url":null,"abstract":"In this paper we provide a brief survey of the potential of blockchain technology to propel a process of private entrepreneurial discovery of institutions that challenge state hegemony. Entrepreneurs now have access to new tools to develop decentralised private governance across areas which have traditionally been the domain of government action. This may see a radical reshaping of the boundaries of ‘public’ versus ‘private’. Blockchain may result in less government, and more market based interactions. We introduce institutional cryptoeconomics, and blockchain as a technology which increases the opportunity set of entrepreneurial action. We then survey the potential of blockchain technology to challenge state hegemony in five socioeconomic areas: monetary institutions, the governance of contracting, civil society and social welfare, collective choice and voting, and the verification of identity. We also discuss some challenges and implications of blockchain-based economic infrastructure for public policy and economic regulation. Together these contributions suggest an increasing scope for entrepreneurial action using blockchain that challenges state hegemony, and a necessary shift in the scope of the provision of public goods and government regulatory control.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"4 48","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132580070","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: 9
The Undertaker's Cut: Challenging the Rational Basis for Casket Licensing 承办人的分成:挑战棺材许可的理性基础
Journal of Private Enterprise Pub Date : 2016-05-19 DOI: 10.2139/SSRN.2781971
D. Smith, N. Trudeau
{"title":"The Undertaker's Cut: Challenging the Rational Basis for Casket Licensing","authors":"D. Smith, N. Trudeau","doi":"10.2139/SSRN.2781971","DOIUrl":"https://doi.org/10.2139/SSRN.2781971","url":null,"abstract":"Occupational licensing laws, once only applied to a narrow range of professional occupations, were extended to the funeral industry in the U.S. in the 19th and 20th centuries under the justification that they create professional standards that protect the deceased, their loved ones, and the general public. Funeral licensing now covers embalmers, funeral directors, and even casket sellers. Rather than protecting the public, licensing in the funeral industry in practice has often codified and protected the very abuses it was alleged to protect against by erecting barriers to entry and reducing competition. Casket licensure has been upheld in some U.S. courts under the rational basis test on the grounds that it promotes public health, protects consumers from fraud, and even that protectionism of an industry is a legitimate function of government. We challenge the rational basis for casket licensure by examining the Oklahoma’s 10th Circuit Court’s Powers v. Harris case, which used the rational basis test to uphold casket licensure restrictions on the online sale of caskets.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124851237","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
Climate Change, the Knowledge Problem and the Good Life 气候变化、知识问题与美好生活
Journal of Private Enterprise Pub Date : 2015-03-01 DOI: 10.7916/D8TB1KBT
S. Ammous, E. Phelps
{"title":"Climate Change, the Knowledge Problem and the Good Life","authors":"S. Ammous, E. Phelps","doi":"10.7916/D8TB1KBT","DOIUrl":"https://doi.org/10.7916/D8TB1KBT","url":null,"abstract":"We must address the challenge of climate change through the prism of the knowledge problem and — no less important — from the perspective of the good life. When discussing our society’s big problems, we tend to assume that we have the knowledge required to act on them. We also tend to assume that our intentions will translate seamlessly to the desired consequences. Knowledge problems are why both of these assumptions can be wrong — and why they can lead to unintended outcomes, some of them disastrous. This paper briefly outlines some of the problems with our knowledge of climate and energy systems, how these problems can affect planning and policies on climate change, and how these plans and policies come to bear on the conception of the good life. The case of biofuels policies illustrates these problems.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124981586","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: 1
Bruno Leoni's Legacy and Continued Relevance 布鲁诺·莱尼的遗产和持续意义
Journal of Private Enterprise Pub Date : 2014-09-29 DOI: 10.2139/SSRN.2503080
Todd J. Zywicki
{"title":"Bruno Leoni's Legacy and Continued Relevance","authors":"Todd J. Zywicki","doi":"10.2139/SSRN.2503080","DOIUrl":"https://doi.org/10.2139/SSRN.2503080","url":null,"abstract":"In his famous book, Freedom and the Law, originally published in 1961, Italian lawyer-economist Bruno Leoni posed the question of whether over the long run a society and legal system premised primarily on legislative law-making could sustain a system of individual liberty, or whether such a system required a common law-style foundation to support it. In this article I evaluate Leoni’s challenge and find that his predictions about the nature of a legislative-centered legal system not only are more relevant than ever, but that recent tendencies toward extreme and arbitrary law-making by executive edict are consistent with the trends and intellectual principles that Leoni identified over 50 years ago. By identifying the underlying jurisprudential theories that generated the current state of affairs, Leoni’s warnings are even more relevant today than ever before.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126491241","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
The Competition Game 竞赛游戏
Journal of Private Enterprise Pub Date : 2013-10-01 DOI: 10.5860/choice.27-1823
R. Wright
{"title":"The Competition Game","authors":"R. Wright","doi":"10.5860/choice.27-1823","DOIUrl":"https://doi.org/10.5860/choice.27-1823","url":null,"abstract":"Mobile operators had monopoly rights to the termination of a call on their network. This monopoly was most pronounced in fixed to mobile calls. Reciprocity in this market was absent due to the regulation of tariffs on fixed (landline) networks. Fixed-to-mobile termination charges were a tenfold of fixed–to-fixed charges in the EU (European Commission, 2001, 16). Fixed line prices were regulated due to their dominance in the landline markets. Mobile operators were granted access to their networks at regulated prices. Prices of mobile network access, however, were not regulated. The British regulator Oftel, however, argued that all mobile operators had a monopoly position on their termination market and that termination charges, therefore, needed to be regulated (Oftel, 2001). International connection was not regulated on EU markets until 2008. This entailed sky high tariffs on international which were terminated by foreign companies. This prompted the European Commission to regulate these roaming tariffs. airports attenuated the scarcity of slots (time segments for take-off and landing). A new airline business model thus emerged that differed from the hub and spoke network. This model had direct flights between cities; high frequencies and flew to secondary airports. The new model had an optimal utilization of aircraft and crew due to short turn over times. This model was applied by Southwest Airlines in the US and by several budget airlines like Ryan Air and Easy Jet in Europe.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127273502","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
Making Room for Business Ethics: Rights as Metanorms for Market and Moral Values 为商业伦理腾出空间:权利是市场价值和道德价值的元形态
Journal of Private Enterprise Pub Date : 2009-04-01 DOI: 10.1007/978-94-007-1494-6_42
Douglas B. Rasmussen, D. D. Uyl
{"title":"Making Room for Business Ethics: Rights as Metanorms for Market and Moral Values","authors":"Douglas B. Rasmussen, D. D. Uyl","doi":"10.1007/978-94-007-1494-6_42","DOIUrl":"https://doi.org/10.1007/978-94-007-1494-6_42","url":null,"abstract":"","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123571020","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
Peter Bauer's Market-Liberal Vision 彼得·鲍尔的市场自由主义愿景
Journal of Private Enterprise Pub Date : 2004-10-01 DOI: 10.32609/0042-8736-2005-5-140-150
J. Dorn
{"title":"Peter Bauer's Market-Liberal Vision","authors":"J. Dorn","doi":"10.32609/0042-8736-2005-5-140-150","DOIUrl":"https://doi.org/10.32609/0042-8736-2005-5-140-150","url":null,"abstract":"The article is devoted to P. Bauer who promoted the principles of liberty around the world. Lord Bauer considered that the development is the expansion of individual choices. He underlined that the role of the state was to protect life, liberty, and property. Bauer's works focus on the process of development measured by the extent of economic freedom. P. Bauer insists that economic development depends on institutions, culture, and conduct. J. Dorn declared P. Bauer a hero of market revolution and a protector of \"laissez-faire\".","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121395504","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
The Federal Reserve in the Shadow of the Bank of Japan 美联储在日本银行的阴影下
Journal of Private Enterprise Pub Date : 1900-01-01 DOI: 10.7916/D8MS51CS
T. Cargill, Gerald P. O'driscoll
{"title":"The Federal Reserve in the Shadow of the Bank of Japan","authors":"T. Cargill, Gerald P. O'driscoll","doi":"10.7916/D8MS51CS","DOIUrl":"https://doi.org/10.7916/D8MS51CS","url":null,"abstract":"Many commentators on Federal Reserve policy over the past decade devote little attention to the experience of other central banks and especially the experience of Japan and the Bank of Japan. In fact, there is very little that is new in the U.S. situation that had not already been experienced by Japan and the Bank of Japan over a decade earlier. Many commentators view Federal Reserve policy as unique and special with regard to other central banks; however, the differences between the financial and economic stress experienced by Japan and the United States pale in comparison to the similarities. In many respects, the Federal Reserve is in the shadow of Bank of Japan and a better understanding of the comparative records of the two central banks offers important insight into central bank policy. The paper explores three aspects of the relationship between the Bank of Japan and the Federal Reserve . First, the asset bubbles and bursting of those bubbles in Japan (1985 to 1991) and the United States (2001 to 2006) were both the result of central bank policy errors combined with a flawed financial structure. Second, the political economy of the operating environment of the Bank of Japan and the Federal Reserve ensures continued suboptimal monetary policy regardless of institutional redesigns of the central bank. Third, the Bank of Japan and the Federal Reserve together present a serious contradiction to the conventional wisdom that legal independence is the foundation for optimal central bank policy outcomes. A concluding section brings together the main points of the discussion. These suggest that a better understanding of Federal Reserve policy since the start of the new century might start with a review of Japan and the Bank of Japan. JEL Codes: E52, E63, G18, N20","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126747703","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: 1
Blockchain Technology in International Commodity Trading 区块链技术在国际商品交易中的应用
Journal of Private Enterprise Pub Date : 1900-01-01 DOI: 10.22004/AG.ECON.303613
Prithviraj Lakkakula, D. W. Bullock, W. Wilson
{"title":"Blockchain Technology in International Commodity Trading","authors":"Prithviraj Lakkakula, D. W. Bullock, W. Wilson","doi":"10.22004/AG.ECON.303613","DOIUrl":"https://doi.org/10.22004/AG.ECON.303613","url":null,"abstract":": A blockchain is a decentralized, public digital ledger that uses cryptology to record retrospectively. We illustrate the impact of using blockchain technology on export/export documentation costs in international commodity trading. Preliminary results suggest that the costs related to accelerated transfer of documents from seller to buyer could be reduced by 90%. Additionally, in case of soybean trade from Jamestown (North Dakota) to China, the results suggest that using blockchain technology export costs reduced by an average of 2.3 cents per bushel (from $3.5677 to $3.5447). These results are significant for agribusinesses and other agricultural stakeholders for evaluating the benefits of adopting blockchain technology in international commodity trading.","PeriodicalId":398979,"journal":{"name":"Journal of Private Enterprise","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121066779","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: 9
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