Economic Institutions, Markets and Competition
Centralization and Decentralization in the Transformation of Economic Systems
Published on 15. August 1996
Book
Hardback
416 pages
978-1-85898-319-6 (ISBN)
Description
The decentralization of economic institutions in the West since the 1970s and in Eastern and Central Europe since 1989 is a significant and ongoing process which has implications for the nature of economic systems.This major new book explores the importance of institutions in economic systems and challenges the traditional assumption of antagonism between tendencies to centralize and tendencies to decentralize. An international group of authors from Europe and the US addresses different aspects of the centralization-decentralization issues including privatization, fiscal federalism, the recent experience of Russia and Eastern Europe, and the role of quasi-markets and non-profit organizations. Drawing on theoretical approaches and empirical material, they argue that the real achievement of efficiency requires the presence of certain key criteria in the structure of the market. Every move towards decentralization, such as privatization, is shown to entail counter-balancing moves towards centralization, such as the introduction of improved, central regulation.
Economic Institutions, Markets and Competition will be welcomed for exploring the implications of centralization and decentralization in the transformation of economic systems and for emphasizing market structure as well as market competition.
Economic Institutions, Markets and Competition will be welcomed for exploring the implications of centralization and decentralization in the transformation of economic systems and for emphasizing market structure as well as market competition.
Reviews / Votes
'The wide array of topics should assure that even those with only a mild interest in institutional analysis or the transition economies will find many pages in this work to occupy their interest.' -- David Schap, Southern Economic Journal'This is an interesting book, which stimulates discussion.'- Klaus Schabacker, The Economic JournalMore details
Series
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-85898-319-6 (9781858983196)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by Bruno Dallago, President, European Association for Comparative Economic Studies, and Associate Professor of Political Economy and Comparative Economic Studies, University of Trento, Italy and Luigi Mittone, Assistant Professor of Public Economics, University of Trento, Italy
Content
Contents: 1. The State and the Firm: The Centralization and Decentralization of Economic Institutions: an introduction (B. Dallago, L. Mittone) Part I: Institutions and Markets 2. "Creative Destruction" in Economic and Political Institutions (M. Egidi) 3. Decentralization as Ability to Adapt (J. Birner) 4. What Type of Capitalism is Produced by Privatization? (H.-J. Wagener) 5. The Market for Institutions Versus the Strong Hand of the State: The Case of Eastern Europe (S. Pejovich) Part II: Centralization and Decentralization, Paradigms and Facts 6. A Presentation of Fiscal Federalism (G. Brosio) 7. Fiscal Federalism in Russia (P. Sutela) 8. Privatization, Decentralization, Competition: Some Lessons from a Concentration Analysis of Hungarian Industries (Z. Bara) 9. Labour Market and Employment Policy in Central and Eastern Europe in the Context of Systemic Change (J. Koltay) Part III: Creation and Development of Markets in Eastern Europe 10. Behavioural Constraints and the Creation of Markets in Post-Socialist Economies (W. Swaan) 11. Decentralization and Centralization in the Enterprise Sphere of the Czech Republic (J. Sereghyova) 12. The Collapse of the Russian Economy: An Institutional Explanation (R. Knaack) 13. The Revival of Redistribution in Hungary (E. Voszka) 14. Inter-enterprise Arrears in Economies in Transition: Analytical, Empirical and Policy Issues (F. Coricelli) Part IV: The Quasi-Market Formula 15. The Privatization of Welfare Services and the Role of Non-Profit Organziations (C. Borzaga) 16. Quasi- Markets and Incomplete Information: The Case of Medical Services in the UK and Italy (L. Mittone) 17. Privatization, Non-profit Trusts and Contracts for Healthcare Services in the UK (W. Bartlett) Index