Efficiency, Institutions, and Economic Policy - Proceedings of a Workshop Held by the Sonderforschungsbereich 5 at the University of Mannheim, June 1986 (Paperback, Softcover reprint of the original 1st ed. 1987)

In a neoclassical world the existence of non-zero transaction costs, nonconvex technologies, public goods and so on creates inefficiencies which can be dealt with by various institutions. But, institutions can create inefficiencies of their own. This volume addresses the issue of efficiency and institutions from different angles. First, the efficiency of modern welfare states is analyzed on a general level where topics like social justice, redistribution and rent seeking are studied in an environment of pressure groups and self-interested politicians (papers by Streit, Schlieper, Wickstrom). Second, several papers deal with more specific issues like intergenerational transfers in a social insurance system, the efficiency of law, and contractual arrangements in the labor market (Witt, Rowley and Brough, Monissen and Wenger). Third, allocation procedures for nonexclusive public goods are analyzed (Guth and Hellwig, Pethig).

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Release date:	December 2011
First published:	1987
Editors:	Rudiger Pethig • Ulrich Schlieper
Dimensions:	244 x 170 x 12mm (L x W x T)
Format:	Paperback
Pages:	225
Edition:	Softcover reprint of the original 1st ed. 1987
ISBN-13:	978-3-642-73066-5
Categories:	Books > Business & Economics > Economics > General Promotions
LSN:	3-642-73066-3
Barcode:	9783642730665

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