In Ambition, Competition, and Electoral Reform, Jamie L. Carson and Jason M. Roberts present an original study of U.S. congressional elections and electoral institutions for 1872-1944 from a contemporary political science perspective. Using data on late nineteenth and early twentieth century congressional elections, the authors test the applicability in a historical context of modern political science theories, assess the effects of institutional reforms, and identify the factors that shape the competitiveness of elections. They present several key findings: the strategic politicians theory is applicable in an era without candidate-centered campaigns; there was an incumbency advantage prior to the full development of candidate-centered campaigns; institutional reforms have had a significant effect on elections; and the degree of electoral competition frequently correlates with elected officials' responsiveness to citizens.
The Bigness Complex confronts head-on the myth that organizational giantism leads to economic efficiency and well-being in the modern age. On the contrary, it demonstrates how bigness undermines our economic productivity and progress, endangers our democratic freedoms, and exacerbates our economic problems and challenges.
This new edition has a thoroughly updated variety of issues, examples, and new developments, including government bailouts of the airline industry; regulation of biotechnology; the fiasco of recent electricity deregulation; and mergers and consolidations in oil, radio, and grocery retailing. The analysis is framed in the timeless context of American distrust of concentrations of power. The authors show how both the left and the right fail to address the central problem of power in formulating their diagnoses and recommendations. The book concludes with an alternative public philosophy as a viable guidepost for public policy toward business in a free-enterprise democracy.
At a time when countries in the Middle East and North Africa (MENA) are joining the World Trade Organization, the lack of an economically sound analysis of trade policies in the region is especially notable. This volume remedies the situation by bringing together a distinguished group of applied trade economists to provide a broad view of the state of trade in and among the region's nations. The contributors provide original empirical analyses on key reform issues, and their work reflects deep knowledge of government concerns and policies.
Part 1 sets the scene by comparing the performance of the MENA region with the rest of the world on a large number variables and indicators. Part 2 contains a number of CGE model-based analyses of trade policy reform options. Part 3 focuses on specific policy areas: standards as nontariff barriers and red tape, trade facilitation, an assessment of the impact of protecting intellectual property using partial equilibrium techniques, and a review of the existing Euro-Med agreements. Part 4 discusses how the region could benefit from WTO membership and from changing the existing regional integration schemes into arrangements that help promote a growth enhancing reform agenda.
The volume will be essential reading for economists and policymakers working in and with the MENA nations, as well as officials at the multilateral and regional institutions.
Contributors are A. Halis Akder, Benita Cox, Dean De Rosa, Hana'a Kheir El Din, Sherine El Ghoneim, Oleh Havrylyshyn, Bernard Hoekman, Denise Konan, Peter Kunzel, Will Martin, Keith Maskus, Mustapha Nabli, Thomas Rutherford, Elisabet Rutstrom, David Tarr, Subidey Togan, L. Alan Winters, Alexander Yeats, and Jamel Zarrouk.
Bernard Hoekman is an Economist with the Development Research Group's Trade team of the World Bank. Jamel Zarrouk is an Economist with the Arab Monetary Fund.
Between 2002 and 2008, Japan's economy saw constant expansion, a record among the world's advanced economies and Japan's longest period of economic growth since World War II. This remarkable achievement came about because of a transformation of Japanese business practices. This transformation was guided by strategies that enabled Japan's leading corporations, previously diversified to an exceptionally high degree, to become leaner, more nimble, and more competitive at home and in the global economy.
In Choose and Focus, the first in-depth account of this strategic inflection point in Japanese business, Ulrike Schaede argues that the emerging practices and attitudes have created a New Japan. Drawing on profiles of several corporations, including Panasonic, Takeda and Astellas, Softbank, kakaku.com, and SBI E*Trade, Schaede explains how the fundamental principles of Japan's economy have been overturned. "Choose and focus" strategies, whereby corporations concentrate on core areas and spin off unrelated businesses, have completely altered the strategic logic of Japan's previous industrial architecture. These surprisingly aggressive moves, Schaede finds, have created new market opportunities for start-up enterprises and foreign investors, as well as a wave of mergers, acquisitions, and hostile takeovers that have shaken Japanese companies out of complacency.
Unlike the advances made by Japanese firms in the 1970s and 1980s, the current transformation is taking root in component and materials industries rather than in consumer products. Because of the relative obscurity of the changes and the overshadowing story of China's ascent, the Japanese corporate revolution has gone largely unnoticed among Western observers. Choose and Focus is required reading for anyone doing business in Japan or trying to understand how contemporary Japanese business works and how Japanese corporations have reinvented themselves to face the challenges-and realize the opportunities-of the 21st century.
What can the disciplines of political science and economics learn from one another? Political scientists have recently begun to adapt economic theories of exchange, trade, and competition to the study of legislatures, parties, and voting. At the same time, some of the most innovative and influential thinkers in economics have crossed the boundaries of their discipline to explore the classic questions of political science. Competition and Cooperation features six of these path-breaking scholars, all winners of the Nobel Prize for Economics, in a series of conversations with more than a dozen distinguished political scientists. The discussions analyze, adapt, and extend the Nobelists' seminal work, showing how it has carried over into political science and paved the way for fruitful cooperation between the two disciplines.
The exchanges span all of the major conceptual legacies of the Nobel laureates: Arrow's formalization of the problems of collective decisions; Buchanan's work on constitutions and his critique of majority rule; Becker's theory of competition among interest groups; North's focus on insecure property rights and transaction costs; Simon's concern with the limits to rationality; and Selten's experimental work on strategic thinking and behavior.
As befits any genuine dialogue, the traffic of ideas and experiences runs both ways. The Nobel economists have had a profound impact upon political science, but, in addressing political questions, they have also had to rethink many settled assumptions of economics. The standard image of economic man as a hyper-rational, self-interested creature, acting by and for for himself, bears only a passing resemblance to man as a political animal. Several of the Nobelists featured in this volume have turned instead to the insights of cognitive science and institutional analysis to provide a more recognizable portrait of political life.
The reconsideration of rationality and the role of institutions,in economics as in politics, raises the possibility of a shared approach to individual choice and institutional behavior that gives glimmers of a new unity in the social sciences. Competition and Cooperation demonstrates that the most important work in both economics and political science reflects a marriage of the two disciplines.
Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.
Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources."
Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.
Competition and the State
D. Sokol Stanford University Press, 2014
Library of Congress K3850.C643 2014 |
Dewey Decimal 343.07/21
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.
“Competition. Deregulation. Free market forces. The debate over competition in health care that raged in the 1970s brought with it a new economic jargon, a vocabulary of concepts and issues unheard of in hospitals a decade earlier. “Competition in health care has developed to a greater degree than most economists predicted ten years ago. That is the conclusion of Warren Greenberg in his introduction to Competition in the Health Care Sector: Ten Years Later, a retrospective of a 1977 Federal Trade Commission conference, which produced the landmark treatise Competition in the Health Care Sector: Past, Present, and Future. Seven of the ten original papers are reexamined; a chapter on the nursing home industry has been added. “As with the original volume, Greenberg predicts that the retrospective will become a critical element in the health care economic literature.”—Hospitals
Equality of Opportunity
John E. ROEMER Harvard University Press, 1998
Library of Congress HB846.R63 1998 |
Dewey Decimal 330.12/6
John Roemer points out that there are two views of equality of opportunity that are widely held today. The first, which he calls the nondiscrimination principle, states that in the competition for positions in society, individuals should be judged only on attributes relevant to the performance of the duties of the position in question. Attributes such as race or sex should not be taken into account. The second states that society should do what it can to level the playing field among persons who compete for positions, especially during their formative years, so that all those who have the relevant potential attributes can be considered.
Common to both positions is that at some point the principle of equal opportunity holds individuals accountable for achievements of particular objectives, whether they be education, employment, health, or income. Roemer argues that there is consequently a "before" and an "after" in the notion of equality of opportunity: before the competition starts, opportunities must be equalized, by social intervention if need be; but after it begins, individuals are on their own. The different views of equal opportunity should be judged according to where they place the starting gate which separates "before" from "after." Roemer works out in a precise way how to determine the location of the starting gate in the different views.
Fans of baseball, football, basketball, and hockey have long been exploited and oppressed by the monopolistic practices of team owners. The time has come for a revolution in the organization of major U.S. sports!
Fans of the World, Unite! is a clarion call to sports fans. Appealing to anyone who is in despair due to the greed and incompetence of team owners, this book proposes a significant restructuring of sports leagues. It sets out a rational program for a revolution that will serve the best interests of the fans and of the sport itself. But Stephen F. Ross and Stefan Szymanski are no Marxists: they show how a revolution in the organization of sports might even benefit the owners. By harnessing the power of markets, sports leagues can be made both more responsive to the needs of the fans, and more efficient.
Ross and Szymanski have spent many years evaluating the ways in which leagues work across the globe. Drawing on their extensive study of leagues, the authors boil down their plan to two major reforms. Borrowing from NASCAR, they propose that team owners should not own sports leagues as well. Rather, league ownership should be separate. Their second proposal is drawn from soccer: introduce competition through a promotion and relegation system. In this type of system, the worst teams in the league are kicked out at the end of the season and replaced by the best performing teams in the next division down. This gives poor performing teams incentive to step up their game, and allows fresh blood to enter the leagues if the poor performers fail to do so.
The main goal of these reforms is to align the financial interest of those who own the league with the best interests of the fans and the sport. Having laid out the problem and the solution, the authors skillfully address practical implications of introducing their scheme, suggesting how leagues might at least make some changes, if not all of those suggested.
The time for change has come! Armed with this book, and with fairness on their side, fans can set forth to begin a revolution.
The new immigrants who have poured into the United States over the past thirty years are rapidly changing the political landscape of American cities. Like their predecessors at the turn of the century, recent immigrants have settled overwhelmingly in a few large urban areas, where they receive their first sustained experience with government in this country, including its role in policing, housing, health care, education, and the job market. Governing American Cities brings together the best research from both established and rising scholars to examine the changing demographics of America's cities, the experience of these new immigrants, and their impact on urban politics.
Building on the experiences of such large ports of entry as Los Angeles, New York, Miami, Houston, Chicago, and Washington D.C., Governing American Cities addresses important questions about the incorporation of the newest immigrants into American political life. Are the new arrivals joining existing political coalitions or forming new ones? Where competition exists among new and old ethnic and racial groups, what are its characteristics and how can it be harnessed to meet the needs of each group? How do the answers to these questions vary across cities and regions?
In one chapter, Peter Kwong uses New York's Chinatown to demonstrate how divisions within immigrant communities can cripple efforts to mobilize immigrants politically. Sociologist Guillermo Grenier uses the relationship between blacks and Latinos in Cuban-American dominated Miami to examine the nature of competition in a city largely controlled by a single ethnic group. And Matthew McKeever takes the 1997 mayoral race in Houston as an example of the importance of inter-ethnic relations in forging a successful political consensus. Other contributors compare the response of cities with different institutional set-ups; some cities have turned to the private sector to help incorporate the new arrivals, while others rely on traditional political channels.
Governing American Cities crosses geographic and disciplinary borders to provide an illuminating review of the complex political negotiations taking place between new immigrants and previous residents as cities adjust to the newest ethnic succession. A solution-oriented book, the authors use concrete case studies to help formulate suggestions and strategies, and to highlight the importance of reframing urban issues away from the zero-sum battles of the past.
Brett Christophers shows how laws help capitalism maintain a crucial balance between competition and monopoly. When monopolistic forces dominate, antitrust law discourages the growth of corporations and restores competitiveness. When competition becomes dominant, intellectual property law protects corporate assets and encourages investment.
In August 2004, South Africa officially legalized the practice of traditional healers. Largely in response to the HIV/AIDS pandemic, and limited both by the number of practitioners and by patients’ access to treatment, biomedical practitioners looked toward the country’s traditional healers as important agents in the development of medical education and treatment. This collaboration has not been easy. The two medical cultures embrace different ideas about the body and the origin of illness, but they do share a history of commercial and ideological competition and different relations to state power. Healing Traditions: African Medicine, Cultural Exchange, and Competition in South Africa, 1820–1948 provides a long-overdue historical perspective to these interactions and an understanding that is vital for the development of medical strategies to effectively deal with South Africa’s healthcare challenges.
Between 1820 and 1948 traditional healers in Natal, South Africa, transformed themselves from politically powerful men and women who challenged colonial rule and law into successful entrepreneurs who competed for turf and patients with white biomedical doctors and pharmacists. To understand what is “traditional” about traditional medicine, Flint argues that we must consider the cultural actors not commonly associated with African therapeutics: white biomedical practitioners, Indian healers, and the implementing of white rule.
Carefully crafted, well written, and powerfully argued, Flint’s analysis of the ways that indigenous medical knowledge and therapeutic practices were forged, contested, and transformed over two centuries is highly illuminating, as is her demonstration that many “traditional” practices changed over time. Her discussion of African and Indian medical encounters opens up a whole new way of thinking about the social basis of health and healing in South Africa. This important book will be core reading for classes and future scholarship on health and healing in South Africa.
The two defining moments of Western coalfield labor relations have been massacres: Wyoming's Rock Springs Massacre of 1885 and Colorado's Ludlow Massacre of 1914. But it wasn't just the company guns that were responsible for the deaths of 28 Chinese coal miners and 13 women and children. It was the result of racial tensions and the economics of the coal industry itself.
In Industrializing the Rockies, David A. Wolff places these deadly conflicts and strikes in the context of the Western coal industry from its inception in 1868 to the age of maturity in the early twentieth century. The result is the first book-length study of the emergence of coalfield labor relations and a general overview of the role of coal mining in the American West.
Wolff examines the coal companies and the owners' initial motivations for investment and how these motivations changed over time. He documents the move from speculation to stability in the commodities market, and how this was reflected in the development of companies and company towns.
Industrializing the Rockies also examines the workers and their workplaces: how the miners and laborers struggled to maintain mining as a craft and how the workforce changed, ethnically and racially, eventually leading to the emergence of a strong national union. Wolff shines light on the business of coal mining detailing the market and economic forces that influenced companies and deeply affected the lives of the workers.
The incorporation of intellectual property protection into the WTO international trading system has been a milestone in international economic law and has added a new dimension to trade regulation — new rights and obligations and new challenges alike. The contributors, leading scholars and practitioners in the field, provide insights into the legal relationship of the TRIPs Agreement to the GATT 94 and the GATS. The book widens the debate with a thorough discussion on pending and unresolved relations of TRIPs, the WTO, UPOV, the Convention on Biodiversity and Farmers' Rights contained in the FAO International Undertaking, and efforts of the World Bank GCIAR system, including IPGRI. What will be the impact of TRIPs on ownership of plant genetic resources?
Largely a victory for OECD countries, the present state of intellectual property rights has important implications for developing countries. The incorporation of intellectual property rights into the WTO system will eventually change the relationship of trade, competition, and intellectual property. It will equally have to assist in providing equitable sharing of benefits in the use of plant genetic resources. All of these issues are essential for the revision of exclusions from patenting in TRIPs. This volume offers insights into how this difficult task could and should be approached in a balanced manner and will be essential reading for economists and trade and intellectual property lawyers interested in the subject. Moreover, the volume will be relevant to agricultural economists as it addresses complex problems in the interstices of trade, intellectual property, plant genetic resources, and sustainable development.
Thomas Cottier is Professor of European and International Economic Law, University of Bern, and Managing Director, World Trade Institute, University of Bern.
Petros C. Mavroidis is Professor of Law, University of Neuchâtel. He formerly worked in the Legal Affairs Division of the World Trade Organization.
Marion Panizzon is Research Fellow, University of Bern.
Simon Lacey is Research Fellow, University of Bern.
Eleanor Hadley was a woman ahead of her time. While working on a Ph.D. in economics at Harvard, she was recruited by the U.S. government for her knowledge of Japanese zaibatsu (business combines) and subsequently became one of MacArthur's key advisors during the Occupation. After completing her doctorate, she prepared for a career in Washington until she learned she was being blacklisted. Seventeen years passed before Hadley's name was cleared; she returned to government service in 1967 and began a distinguished career as a senior policy analyst with the U.S. Tariff Commission and the General Accounting Office. Widely known (and feared) by Japanese businessmen and government leaders as "the trust-busting beauty," Hadley published Antitrust in Japan, a seminal work on the impact of postwar deconcentration measures, in 1970. She received the Order of the Sacred Treasure from the Japanese government in 1986.
Hadley's personal story provides a colorful backdrop to her substantive discussions of early postwar policies, which were created to provide Japan with a more efficient and competitive economy. As someone closely involved in formulating U.S. economic policy toward Japan for nearly half a century, Eleanor Hadley brings a unique perspective--as well as a down-to-earth sense of humor--to the continuing challenge of communicating across the Pacific.
Traditionally protected as monopolies, electric utilities are now being caught in the fervor for deregulation that is sweeping the country. Nearly forty states have enacted or are considering laws and regulations that will profoundly alter the way the electric utility industry is governed. Concerned citizens are beginning to ponder the environmental implications of such a change, and while many fear that the pressure of competition will exacerbate environmental problems, others argue that deregulation provides a tremendous opportunity for citizens to work toward promoting cleaner energy and a more sustainable way of life.In Reinventing Electric Utilities, Ed Smeloff and Peter Asmus consider the challenges for citizens and the utility industry in this new era of competition. Through an in-depth case study of the Sacramento Municipal Utility District (SMUD), a once-troubled utility that is now widely regarded as a model for energy efficiency and renewable energy development, they explore the changes that have occurred in the utility industry, and the implications of those changes for the future. The SMUD portrait is complemented by regional case studies of Portland General Electric and the Washington Public Power Supply System, the New England Electric Service, Northern States Power, the Electricity Reliability Council of Texas, and others that highlight the efforts of citizen groups and utilities to eliminate unproductive and environmentally damaging sources of power and to promote the use of new, cleaner energy technologies.The authors present and explain some of the fundamental principles that govern restructuring, while acknowledging that solutions will depend upon the unique resource needs, culture, and utility structure of each particular region. Smeloff and Asmus argue that any politically sustainable restructuring of the electric services industry must address the industry's high capital cost commitments and environmental burdens.Throughout, they make the case that with creative leadership, open and competitive markets, and the active participation of citizens, this upheaval offers a unique opportunity for electric utilities to lessen the burden of electricity production on the environment and reduce the cost of electric services through the use of more competitive, cleaner power sources.While neither technological innovation nor the magic of the market will in and of itself reinvent the electric utility industry, the influence of those dynamic forces must be understood. Reinventing Electric Utilities is an important work for policymakers, energy professionals, and anyone concerned about the future of the electric services industry.
This book starts from the proposition that frameworks used in business strategy lack realism because they are built on equilibrium-based foundations carried over from the domain of neoclassical economics. Mathews proposes instead a conceptual framework consistent with the turbulence found in real economies, and brings strategizing into conformity with such phenomena as innovation and technological change, network formation, capture of substitution effects in modular systems, and many other interesting features of modern economies that are passed over by mainstream equilibrium-based analysis. This new framework is based on the way firms assemble resources into a distinctive bundle, then build activities out of these resources to generate revenue, and link the resources to the activities through routines created and administered by management.
Why do some voters split their ballots, selecting a Republican for one office and a Democrat for another? Why do voters often choose one party to control the White House while the other controls the Congress? Barry Burden and David Kimball address these fundamental puzzles of American elections by explaining the causes of divided government and debunking the myth that voters prefer the division of power over one-party control. Why Americans Split Their Tickets links recent declines in ticket-splitting to sharpening policy differences between parties and demonstrates why candidates' ideological positions still matter in American elections.
"Burden and Kimball have given us the most careful and thorough analysis of split-ticket voting yet. It won't settle all of the arguments about the origins of ticket splitting and divided government, but these arguments will now be much better informed. Why Americans Split Their Tickets is essential reading for anyone interested in understanding the major trends in U.S. electoral politics of the past several decades."
-Gary Jacobson, University of California, San Diego
"When voters split their tickets or produce divided government, it is common to attribute the outcome as a strategic verdict or a demand for partisan balance. Burden and Kimball strongly challenge such claims. With a thorough and deft use of statistics, they portray ticket-splitting as a by-product of the separate circumstances that drive the outcomes of the different electoral contests. This will be the book to be reckoned with on the matter of ticket splitting."
-Robert Erikson, Columbia University
"[Burden and Kimball] offset the expansive statistical analysis by delving into the historical circumstances and results of recent campaigns and elections. ... [They] make a scholarly and informative contribution to the understanding of the voting habits of the American electorate-and the resulting composition of American government."
-Shant Mesrobian, NationalJournal.com