<P>This book explains the necessary building blocks of economic coherence. It then develops a diagnostic approach to demonstrate how to identify impediments to the efficient functioning of essential economic processes. Finally, the book contains an extensive treatment of the policy-reform process,...</p>

1. From convergence to coherence : the new development opportunity -- 2. On economic coherence -- 3. Contending with economic incoherence : the notional state -- 4. Creating coherence : the role of institutions -- 5. Policy reform as institutional innovation -- 6. The diagnostic imperative -- 7....

The implicit price (hedonic) equation for the housing market in a coastal town in southern Rhode Island was estimated using a conditional Box-Cox maximum likelihood procedure. Linear, log-linear, and semi-log functional forms were rejected with 95% confidence. Estimates of marginal implicit...

It has been argued that the land-use restrictions prescribed by the Endangered Species Act have failed to protect endangered species on private land. Hence, there has been a call for using incentives to complement this regulatory approach. This paper ...