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Market Provision of Public Goods : The Case of Broadcasting
Anderson, Simon P.; Coate, Stephen - 2021
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10013219689
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Adjudication as a Private Good
Landes, William M.; Posner, Richard A. - 2021
This paper examines the question whether adjudication can be viewed as a private good, i.e., one whose optimal level will be generated in a free market. Part I focuses on private courts, noting their limitations as institutions for dispute resolution and rule creation but also stressing the...
Persistent link: https://www.econbiz.de/10013238728
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2014
Poland and Lithuania operate with management practices that are only moderately worse than those of western European …
Persistent link: https://www.econbiz.de/10013067648
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Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later
Godoy, Sergio; Stiglitz, Joseph E. - 2021
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10013234403
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Privatization in East European Transformation
Fischer, Stanley - 2021
Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist … privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …
Persistent link: https://www.econbiz.de/10013247193
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The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China
Young, Alwyn - 2010
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10013147214
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Kosher Pork
Drazen, Allan - 2011
Both conventional wisdom and leading academic research view pork barrel spending as antithetical to responsible policymaking in times of crisis. In this paper we present an alternative view. When agents are heterogeneous in their ideology and in their information about the economic situation,...
Persistent link: https://www.econbiz.de/10013131672
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The Behavioral Response to Voluntary Provision of an Environmental Public Good : Evidence from Residential Electricity Demand
Jacobsen, Grant - 2010
This paper develops a theory of voluntary provision of a public good in which a household's decision to engage in a form of environmentally friendly behavior is based on the desire to offset another behavior that is environmentally harmful. The model generates predictions about (1) participation...
Persistent link: https://www.econbiz.de/10013135059
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Public Goods in Trade : on the Formation of Markets and Political Jurisdictions
Casella, Alessandra - 2010
The current debate in Western Europe centers on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model,...
Persistent link: https://www.econbiz.de/10013138063
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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation
Kuminoff, Nicolai - 2010
Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...
Persistent link: https://www.econbiz.de/10013138319