Knowledge and Incentives in Policy
Using Public Choice and Market Process Theory to Analyze Public Policy Issues
Published on 8. June 2018
Book
Hardback
302 pages
978-1-78660-397-5 (ISBN)
Description
The relative effectiveness of various institutions, such as the market or government, is based on the ability for individuals to access and use dispersed knowledge in society and the incentives that steer their actions. Market process theory emphasizes the effectiveness of the price system to consolidate and transmit knowledge in the marketplace.
Together this framework provides new insights on the capability of individuals to cooperate and improve society, and the limits to government interventions in society. The original research in each chapter uses this economic way of thinking to analyze a variety of public policy issues, examining the incentives responsible for and the factors that contribute to the creation and effectiveness of the policies. These chapters, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.
Together this framework provides new insights on the capability of individuals to cooperate and improve society, and the limits to government interventions in society. The original research in each chapter uses this economic way of thinking to analyze a variety of public policy issues, examining the incentives responsible for and the factors that contribute to the creation and effectiveness of the policies. These chapters, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.
Reviews / Votes
Public policies are frequently driven by a combination of good intentions and special-interest politics. Understanding this, Knowledge and Incentives in Policy applies public choice and market process theory to analyse a diverse array of important public policy topics such as foreign aid, environmental protection, and land-use regulations. Equally important, the authors are as diverse as the topics covered. -- Robert Lawson, Professor of Practice, Southern Methodist University Knowledge and Incentives in Policy offers a valuable set of analyses of a variety of local, state, national, and international policy initiatives. Each policy effort is scrutinized with respect to its incentive effects and potential knowledge problems. This volume offers a treasure trove of highly pertinent, timely, and useful examples. -- Diana W. ThomasMore details
Series
Language
English
Place of publication
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
Professional and scholarly
US School Grade: From College Senior to College Graduate Student
Illustrations
2 Charts, 19 Tables
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 22 mm
Weight
644 gr
ISBN-13
978-1-78660-397-5 (9781786603975)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Stefanie Haeffele
Knowledge and Incentives in Policy
Using Public Choice and Market Process Theory to Analyze Public Policy Issues
E-Book
06/2018
1st Edition
Rowman & Littlefield Publishers
€47.49
Available for download
Stefanie Haeffele
Knowledge and Incentives in Policy
Using Public Choice and Market Process Theory to Analyze Public Policy Issues
E-Book
06/2018
1st Edition
Rowman & Littlefield Publishers
€47.49
Available for download
Person
Stefanie Haeffele is the Deputy Director of Academic and Student Programs and a senior fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
Content
Introduction, Stefanie Haeffele
Part I - International Policy
Can Governments Create Bureaucratic Structures That Overcome Knowledge and Incentive Problems? An Analysis of the Millennium Challenge Corporation, Rosemarie FikeThe Political Economy of Intervention in the Conflict against ISIS, David WillePart II - Federal Policy
FDA Effectiveness Standards: Helpful or Harmful? Anna RiversExit, Voice, and Incentives: An Institutional Analysis of Urban Public School Districts, Rachel ReesePart III - State and Local Policy
Firm-Specific Tax Incentives: The Bad and the Ugly, Adam N. MichelA Better Tomorrow: Policy Reform and the Limitations of State-Led Targeted Economic Development, Courtney MichalukThe Political Economy of Casino Licensing: A Case Study on Maryland's Experience, Candace McTeer MotticeThe Political Economy of D.C. School Choice: An Institutional Analysis of the Opportunity Scholarship Program,Allison KasicStifling Urban Development with Land-Use Regulation: A Case Study of Redevelopment in Tysons Corner, Virginia, Emily HamiltonAbout the Authors
Part I - International Policy
Can Governments Create Bureaucratic Structures That Overcome Knowledge and Incentive Problems? An Analysis of the Millennium Challenge Corporation, Rosemarie FikeThe Political Economy of Intervention in the Conflict against ISIS, David WillePart II - Federal Policy
FDA Effectiveness Standards: Helpful or Harmful? Anna RiversExit, Voice, and Incentives: An Institutional Analysis of Urban Public School Districts, Rachel ReesePart III - State and Local Policy
Firm-Specific Tax Incentives: The Bad and the Ugly, Adam N. MichelA Better Tomorrow: Policy Reform and the Limitations of State-Led Targeted Economic Development, Courtney MichalukThe Political Economy of Casino Licensing: A Case Study on Maryland's Experience, Candace McTeer MotticeThe Political Economy of D.C. School Choice: An Institutional Analysis of the Opportunity Scholarship Program,Allison KasicStifling Urban Development with Land-Use Regulation: A Case Study of Redevelopment in Tysons Corner, Virginia, Emily HamiltonAbout the Authors