There has been a fundamental development in theory and understanding of market, private, collective and public organizations in recent years. This paper incorporates achievements of the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law,...

Dieser Beitrag untersucht die Arbeiten von Jon Elster zum Problem lokaler Gerechtigkeit. Das Thema dieser Arbeiten sind Rationierungsentscheidungen. Es geht um die Allokation und Distribution knapper Zuteilungsgüter, also etwa um die Vergabe von Kindergarten- oder Studienplätzen, die Zuweisung...

Using consistent agent-based techniques, this research models the decision-making processes of users and infrastructure owner/operators to explore the welfare consequence of price competition, capacity choice, and product differentiation on congested transportation networks. Component models...

Dieser Beitrag untersucht die Arbeiten von Jon Elster zum Problem lokaler Gerechtigkeit. Das Thema dieser Arbeiten sind Rationierungsentscheidungen. Es geht um die Allokation und Distribution knapper Zuteilungsgüter, also etwa um die Vergabe von Kindergarten- oder Studienplätzen, die Zuweisung...

Throughout history, governments have engaged in exchange with private actors. Recent work has documented the prevalence of opportunism in a number of government bounty schemes, exploring how private entrepreneurs may rook the state and hence undermine the stated aims of these programs. We draw...

What institutional features encourage community policing? Many police departments across the US have attempted to implement a community-oriented policing philosophy. The stated goals are to build greater trust between the police and the community, maintain order and quality of life, and solve...

Economic theory contains a significant theoretical antinomy. Markets are thought to secure coordination in self-organized fashion. In contrast, polities are portrayed as securing coordination through planning and administration. Doing this is to commit what Mitchel Resnick (1994) calls the...

Economic theory contains a significant theoretical antinomy that we seek to erase. That theory can account for coordination through markets. Such coordination, however, covers only some 50-60 percent of economic activity within developed nations. The theory ignores the remainder by presuming...

The initial distribution of emissions allowances is usually thought to be independent of the emissions outcome, but free allocation can affect the efficiency and fairness of allowance trading. Inefficiency may result from thin allowance markets, poor price discovery, and regulatory or...

This is a preliminary draft of the sixth of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explains that the generally orderly quality of politically sponsored activities within a society...