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The Proper Scope Of Government Reconsidered
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Book Synopsis The Proper Scope of Government Reconsidered by : Patrick Schmitz
Download or read book The Proper Scope of Government Reconsidered written by Patrick Schmitz and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit the contract-theoretic literature on privatization initiated by Hart et al. (1997). This literature has two major shortcomings. First, it is focused on ex-ante investment incentives, whereas ex-post inefficiencies which are ubiquitous in the real world cannot be explained. Second, ownership does not matter when incentive contracts can be written. Both shortcomings are due to the fact that this literature has studied the case of symmetric information only. We explore how asymmetric information leads to different kinds of ex-post inefficiencies depending on the ownership structure. Moreover, we show that under asymmetric information ownership matters even when incentive contracts are feasible.
Book Synopsis Partial Privatization and Incomplete Contracts by : Patrick W. Schmitz
Download or read book Partial Privatization and Incomplete Contracts written by Patrick W. Schmitz and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete contract approach, it is shown that partial privatization, i.e. joint ownership, may well turn out to be the optimal property rights regime, if the trade-offs that have been emphasized in the privatization context (see Hart, Shleifer and Vishny, Quarterly Journal of Economics (1997)) are taken into account. While in the standard incomplete contract model joint ownership is often dominated, it is shown here that joint ownership in the form of partial privatization can be optimal since it mitigates the disadvantages of public ownership (no incentives to improve quality if the manager invests or too strong incentives if the government invests) and of privatization (too strong incentives for the manager to reduce costs).
Author :International Seminar on the New Institutional Economics 18, 2000, Dresden Publisher : ISBN 13 : Total Pages :230 pages Book Rating :4.:/5 (54 download)
Book Synopsis The Proper Scope of Government by : International Seminar on the New Institutional Economics 18, 2000, Dresden
Download or read book The Proper Scope of Government written by International Seminar on the New Institutional Economics 18, 2000, Dresden and published by . This book was released on 2001 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Proper Scope of Government: Theory and an Application to Prison by : Oliver D. Hart
Download or read book The Proper Scope of Government: Theory and an Application to Prison written by Oliver D. Hart and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Publisher :University of Belgrade, Faculty of Organizational Sciences ISBN 13 :8676802556 Total Pages :2004 pages Book Rating :4.6/5 (768 download)
Book Synopsis Proceedings of the XIII International Symposium SymOrg 2012: Innovative Management and Business Performance by :
Download or read book Proceedings of the XIII International Symposium SymOrg 2012: Innovative Management and Business Performance written by and published by University of Belgrade, Faculty of Organizational Sciences . This book was released on 2012-06-03 with total page 2004 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Oxford Handbook of Corporate Governance by : Mike Wright
Download or read book The Oxford Handbook of Corporate Governance written by Mike Wright and published by OUP Oxford. This book was released on 2013-03-28 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: The behavior of managers-such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders-has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society. Critiques of traditional governance research based on agency theory have noted its "under-contextualized" nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis-the individual manager, firms, institutions, industries, and nations-and presents international evidence to reflect the wide variety of perspectives. In analyzing the effects of corporate governance on performance, a variety of indicators are considered, such as accounting profit, economic profit, productivity growth, market share, proxies for environmental and social performance, such as diversity and other aspects of corporate social responsibility, and of course, share price effects. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance. This Handbook constitutes the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.
Book Synopsis IOCB 2010 Industrial Organization: a Contract Based approach by :
Download or read book IOCB 2010 Industrial Organization: a Contract Based approach written by and published by Nicolas Boccard. This book was released on with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Liberal Consensus Reconsidered by : Robert Mason
Download or read book The Liberal Consensus Reconsidered written by Robert Mason and published by University Press of Florida. This book was released on 2019-10-14 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: When first published in 1976, Godfrey Hodgson’s America in Our Time won immediate recognition as a major interpretive study of the postwar era. In The Liberal Consensus Reconsidered, leading scholars—including Hodgson himself—confront his long-standing theory that a “liberal consensus” shaped the United States after World War II. These essays offer new insights into the era and diverging opinions on one of the most influential interpretations of mid-twentieth-century U.S. history.
Book Synopsis Competition and the State by : D. Daniel Sokol
Download or read book Competition and the State written by D. Daniel Sokol and published by Stanford University Press. This book was released on 2014-05-21 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition and the State analyzes the role of the state across a number of dimensions as it relates to competition law and policy across a number of dimensions. This book re-conceptualizes the interaction between competition law and government activities in light of the profound transformation of the conception of state action in recent years by looking to the challenges of privatization, new public management, and public-private partnerships. It then asks whether there is a substantive legal framework that might be put in place to address competition issues as they relate to the role of the state. Various chapters also provide case studies of national experiences. The volume also examines one of the most highly controversial policy issues within the competition and regulatory sphere—the role of competition law and policy in the financial sector. This book, the third in the Global Competition Law and Economics series, provides a number of viewpoints of what competition law and policy mean both in theory and practice in a development context.
Book Synopsis Corporate Governance in Government Corporations by : Michael J. Whincop
Download or read book Corporate Governance in Government Corporations written by Michael J. Whincop and published by Routledge. This book was released on 2017-03-02 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many governments across the world have responded to the need for greater efficiency in the delivery of government services by the reorganization of these bureaucracies along the lines of for-profit business corporations. In doing so, governments have relied on the capacity for governance practices to overcome the weaker incentives created by the attenuated 'property rights' that are created in public enterprise.
Book Synopsis Scholarship Reconsidered by : Ernest L. Boyer
Download or read book Scholarship Reconsidered written by Ernest L. Boyer and published by John Wiley & Sons. This book was released on 2015-10-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shifting faculty roles in a changing landscape Ernest L. Boyer's landmark book Scholarship Reconsidered: Priorities of the Professoriate challenged the publish-or-perish status quo that dominated the academic landscape for generations. His powerful and enduring argument for a new approach to faculty roles and rewards continues to play a significant part of the national conversation on scholarship in the academy. Though steeped in tradition, the role of faculty in the academic world has shifted significantly in recent decades. The rise of the non-tenure-track class of professors is well documented. If the historic rule of promotion and tenure is waning, what role can scholarship play in a fragmented, unbundled academy? Boyer offers a still much-needed approach. He calls for a broadened view of scholarship, audaciously refocusing its gaze from the tenure file and to a wider community. This expanded edition offers, in addition to the original text, a critical introduction that explores the impact of Boyer's views, a call to action for applying Boyer's message to the changing nature of faculty work, and a discussion guide to help readers start a new conversation about how Scholarship Reconsidered applies today.
Book Synopsis The Financial Economics of Privatization by : William L. Megginson
Download or read book The Financial Economics of Privatization written by William L. Megginson and published by Oxford University Press. This book was released on 2005-01-13 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central to the book's content is its focus on where privatisation stands today and what are the next frontiers, the why and how behind countries who privatise certain industries, and whether privatisation works as an economic tool.
Book Synopsis Law and Order Reconsidered by : James Sargent Campbell
Download or read book Law and Order Reconsidered written by James Sargent Campbell and published by . This book was released on 1969 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Knowledge Management for Competitive Advantage During Economic Crisis by : Ordoñez de Pablos, Patricia
Download or read book Knowledge Management for Competitive Advantage During Economic Crisis written by Ordoñez de Pablos, Patricia and published by IGI Global. This book was released on 2014-09-30 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategy management has always been a crucial business aspect that a company must understand to remain successful in the business world. However, there are a number of different approaches that a company can employ in order to differentiate themselves from the competition. Knowledge Management for Competitive Advantage During Economic Crisis brings together the various approaches that affect the superiority of a companys organizational performance and the gains they can make over their competitors. By focusing on concepts such as organizational learning and intellectual capital, this book is an indispensable reference source for researchers, practitioners, graduate students, and business managers interested in understanding what approaches are necessary to ensure superior organizational performance.
Book Synopsis Innovative Management and Firm Performance by : M. Jakšic
Download or read book Innovative Management and Firm Performance written by M. Jakšic and published by Springer. This book was released on 2014-07-29 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on business firms as catalysts and agents of social and economic change, and explores the argument that sustainable development is the perfect opportunity for businesses to strengthen the evolving notion of corporate social responsibility, while achieving long-term growth through innovation, research and development.
Book Synopsis Network Industries and Social Welfare by : Massimo Florio
Download or read book Network Industries and Social Welfare written by Massimo Florio and published by OUP Oxford. This book was released on 2013-06-20 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dramatic change of ownership, regulation, and organisation of essential public services, such as electricity, gas, and telecommunications, has taken place in Europe in less than 20 years. This was not the outcome of spontaneous adaptation, but an entirely top-down policy experiment, mainly conceived in London during Mrs Thatcher's years, then pursued in Brussels - the 'capital' of the European Union - and imposed on more or less reluctant players by laws, directives, regulations, and administrative and judicial decisions. The European reform paradigm revolves around three pillars: privatisation, unbundling, and regulated liberalisation of network industries. These industries, despite the reforms, are still special, as they include core natural monopoly components (the electricity grid, the gas pipelines, the telephony networks, etc.), are often based on complex system integration of different segments (for example of electricity generation, transmission, distribution and retail supply), and offer services that have critical social and economic importance, from heating to internet. This book offers a careful scrutiny of energy and telephony reforms and prices paid by households in 15 countries across Western Europe. It attempts to answer such questions as: Are the consumers in Europe happier than they were before the reforms? Do they pay less? Do they get a better quality for the services? Network Industries and Social Welfare provides an overview of the main facts, the conceptual issues, and of the empirical evidence on pricing, perceptions of quality of service, and the issues of utility poverty and social affordability. It suggests that the benefits of the reforms for the consumers have often been limited and that governments should reconsider their overconfidence in regulated market mechanisms in network industries.
Book Synopsis Lobbying Reconsidered by : Gary Andres
Download or read book Lobbying Reconsidered written by Gary Andres and published by Routledge. This book was released on 2015-11-17 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lobbying Reconsidered: Politics Under the Influence, reveals how lobbying is a complex process that involves more than just relationships, friends, access, favors, and influence. This book offers a broader perspective on this important dimension of American public policymaking. As a person who straddles the worlds of Washington insider and interest group scholar, author Gary Andres hopes to use his experience and insight in in the lobbying world to help readers navigate beyond the conventional wisdom, and guide them to a deeper, broader understanding.
