Author: Daniel B. KleinPublisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description
Use, Esteem, and Profit in Voluntary Provision
Street Smart
Author: Gabriel RothPublisher: Routledge
ISBN: 1351487892
Category : Business & Economics
Languages : en
Pages : 551
Book Description
The poor health of today's roads--a subject close to the hearts of motorists, taxpayers, and government treasurers around the world--has resulted from faulty incentives that misdirect government decision-makers, according to the contributors to Street Smart. During the 1990s, bad government decision-making resulted in the U.S. Interstate Highway System growing by only one seventh the rate of traffic growth. The poor maintenance of existing roads is another concern. In cities around the world, highly political and wasteful government decision-making has led to excessive traffic congestion that has created long commutes, reduced safety, and caused loss of leisure time.Street Smart examines the privatization of roads in theory and in practice. The authors see at least four possible roles for private companies, beyond the well-known one of working under contract to design, build, or maintain governmentally provided roads. These include testing and licensing vehicles and drivers; management of government-owned facilities; franchising; and outright private ownership. Two chapters describe the history of private roads in the United Kingdom and the United States. Contemporary examples are provided of road pricing, privatizing, and contracting out are evident in environs as diverse as Singapore, Southern California, and Scandinavia, and cities as different as Bergen, Norway, and London, England. Finally, several chapters examine strategies for implementing privatization. The principles governing providing scarce resources in free societies are well known. We apply them to such necessities as energy, food, and water so why not to "road space"? The main obstacle to private, or semi-private, ownership of roads is likely to remain the reluctance of the political class to give up a lucrative source of power and influence.Those who want decisions about road services to be controlled by the interplay of consumers and suppliers in free markets, rat
Use, Esteem, and Profit in Voluntary Provision
Author: Daniel B. KleinPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In studying the history of toll road companies in California, we see motives of both use-and-esteem and residual returns. Some road companies were initiated as business enterprises, aiming squarely at dividends. For other road companies, use-and-esteem motivations inspired a large number of community members to contribute; this we call community enterprise. Also, there are the cases of use-and-esteem motives inducing a small number of wealthy parties to finance a road, which we call coterie enterprise. In comparison to the earlier toll road movements in the eastern United States, the California toll road experience showed less of the community enterprise model and more of the business enterprise and coterie enterprise models.
Explorations in Public Sector Economics
Author: Joshua HallPublisher: Springer
ISBN: 3319478281
Category : Political Science
Languages : en
Pages : 220
Book Description
This book is a collection of never-before-published papers from some of the most prominent voices in public economics. Curated by the current director of the Public Choice Society, the papers presented showcase the work of recognized leaders in the field, including a Nobel Laureate (Gary Becker), Past Presidents of the Public Choice Society (Larry Kenny, Edward Lopez), the Past President of the Southern Economic Association (Dwight Lee) and some of the most notable public choice economists (Bruce Benson, Russell Sobel, JR Clark, Art Denzau, Morris Coats, Richard Vedder). Among the broad list of topics covered are voting, education quality, environmental issues, externality theory, and public goods theory. This volume makes an important contribution to the field by making new perspectives on a variety of topics accessible to researchers. This book will be of interest to economists, political scientists, and researchers interested in public policy.
A House Dividing
Author: John MajewskiPublisher: Cambridge University Press
ISBN: 9780521590235
Category : Business & Economics
Languages : en
Pages : 256
Book Description
Comparing Virginia and Pennsylvania, Majewski explains how slavery undermined the development of the southern economy.
Readings in Applied Microeconomics
Author: Craig NewmarkPublisher: Routledge
ISBN: 1135969442
Category : Business & Economics
Languages : en
Pages : 618
Book Description
A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appreciate the power of the market. It supplements theoretical explanations of how markets work with concrete examples, addresses questions about whether markets actually work well and offers evidence that supposed "market failures" are not as serious as claimed. Featuring readings from Hayek, William Baumol, Harold Demsetz, Daniel Fischel and Edward Lazear, Benjamin Klein and Keith B. Leffler, Stanley J. Liebowitz and Stephen E. Margolis, and John R. Lott, Jr., this book covers key topics such as: • Why markets are efficient allocators • How markets foster economic growth • Property rights • How markets choose standards • Asymmetric Information • Whether firms abuse their power • Non-excludable goods • Monopolies The selections should be comprehended by undergraduate students who have had an introductory course in economics. This reader can also be used as a supplement for courses in intermediate microeconomics, industrial organization, business and government, law and economics, and public policy.
Institutions and Governance in Comparative Policy Analysis Studies
Author: Iris Geva-MayPublisher: Taylor & Francis
ISBN: 0429806612
Category : Education
Languages : en
Pages : 502
Book Description
Volume Two of the Classics of Comparative Policy Analysis, contains chapters concerned with "Institutions and Governance in Comparative Policy Analysis Studies". They highlight that at the core of any policy making, the different institutions and modes of governance have a significant effect. Questions about the impact of governance have become more central to comparative policy analysis as scholars have given more attention to globalization, organizational cultural differences, policy learning, transfer, and diffusion. The chapters included in this volume tackle the nature of policies and policy analytic practices within and across organizations, actors and institutions as well as among governance modes. The chapters demonstrate the ways in which institutions and governance in the public and private sectors, shape policies, and conversely, how policy choices can shape the institutions associated with them. Other chapters focus on how the diffusion of knowledge and lesson drawing address challenges of policy making, cooperation and harmonization. "Institutions and Governance in Comparative Policy Analysis Studies" will be of great interest to scholars and learners of public policy and social sciences, as well as to practitioners considering what can be reliably contextualized, learned, facilitated or avoided given their own institutional or governance systems. The chapters were originally published as articles in the Journal of Comparative Policy Analysis which in the last two decades has pioneered the development of comparative public policy. The volume is part of a four-volume series, the Classics of Comparative Policy Analysis including Theories and Methods, Institutions and Governance, Regional Comparisons, and Policy Sectors. Each volume also showcases a new chapter comparing interrelated domains of study with comparative public policy: political science, public administration, governance and policy design, authored by JCPA co-editors Giliberto Capano, Iris Geva-May, Michael Howlett, Leslie Pal and B. Guy Peters.
An Economic History of the United States
Author: Mark V. SieglerPublisher: Springer
ISBN: 1137393963
Category : Business & Economics
Languages : en
Pages : 496
Book Description
This pioneering textbook takes a thematic approach to the subject, resulting in a comprehensive understanding of historic economic issues in the United States. Siegler takes a thematic approach, and provides both the theoretical foundations and historical background needed to gain an in-depth understanding of the subject. Every chapter examines a specific topic, and the chapters are linked to each other to provide an overall view. The chronological approach is represented with a useful timeline as an appendix to show where the specific topics fit in the chronology. Chapter topics include: long-run causes of economic growth; economic history of income and wealth inequality; slavery, segregation, and discrimination; immigration and immigration policies; and an economic history of recessions and depressions. This book is ideally suited as a primary text for undergraduate courses in US economic history, as well as suitable courses on history degree programmes.
On Whom the Toll Falls
Author: David Matthew LevinsonPublisher:
ISBN:
Category : Roads
Languages : en
Pages : 218
Book Description
Author: