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State, Society, and Corporate Power
This volume of selections from the Journal of Economic Issues carries the institutional economics analysis of the acquisition and use of economic power into new and critically significant subject areas: law and economics, the public control of economic power, and international implications of public and private use of power to influence the flow of real income on a global scale. Its particular interest is the possession and use of corporate power, especially in relation to the state as a representative of society.
Kenya
Structural adjustment loans in Kenya have supported trade liberalization, exchange rate depreciation, and, to some extent, export development. But World Bank funds may have helped Kenya postpone critical reform of the civil service and social sectors and divestiture of parastatals.
Principles of Regulatory Policy Design
Differences in the form, function, and scope of regulatory policies are traced to differences in social institutions, in the characteristics of the industries being regulated, and in the regulators' objectives and resources.
difficulties of transferring risk based capital requirements to developing countries
Regulatory strategies that make sense for industrial countries may not be transferable, unchanged, to developing countries. But developing countries could clearly benefit from reformed supervisory technology, including improved information collection and management.
Environment, Information and Consumer Behaviour
Over the past decade there has been growing interest in the role of information in the promotion of environmentally friendly behaviour. This book examines how and why the provision of such information can affect individual decisions concerning buying or consuming a product or valuing a policy. The information can take the form of a product label or a statement in a survey questionnaire, and the decision can be what product to buy, what food to eat or how to answer a contingent valuation question. The chapters in this volume carefully explore the explanations for consumer behaviour in different scenarios where information is provided about the 'public' implications of individual decisions. Th...
The Theory of Environmental Agreements and Taxes
'Martin Enevoldsen's book is a pioneering work that compares the impacts of various non-regulatory environmental strategies in achieving measurable pollution reductions. Much has been written on the theoretical virtues and drawbacks of green taxation versus the adoption of voluntary agreements when it comes to effective implementation of environmental goals. In convincing detail, this book makes the case for the effectiveness of environmental taxation, its barriers being primarily political in nature rather than economic. Green taxes are highly controversial even in the most environmentally conscious nations, particularly when they are regarded as a purely fiscal instrument. The successful D...
The Structure, Regulation, and Performance of Pension Funds in Nine Industrial Countries
Company pension funds can make important contributions to retirement income and to capital market development. But they need to be regulated and supervised to avoid fraud; protect the interests of workers, and minimize restrictions on labor mobility.
The Institutional Economics of Water
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
