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It would be easy to cheat someone on eBay. However, an essential
characteristic of the site prevents this from happening: buyer and
seller reviews form what amounts to an "index of reputation." The
availability of such an index provides a strong incentive to be an
honest trader.
"Reputation-Based Governance" melds concepts from businesses like
eBay with politics. Author Lucio Picci uses interdisciplinary tools
to argue that the intelligent use of widely available Internet
technologies can strengthen reputational mechanisms and
significantly improve public governance. Based on this notion, the
book proposes a governance model that leans on the concept of
reputational incentives while discussing the pivotal role of
reputation in politics today. Picci argues that a continuous,
distributed process of assessing policy outcomes, enabled by an
appropriate information system, would contribute to a governance
model characterized by effectiveness, efficiency, and a minimum
amount of rent-seeking activity. Moreover, if citizens were also
allowed to express their views on "prospective" policies, then
reputation-based governance would provide a platform on which to
develop advanced forms of participative democracy.
With euro banknotes and coins starting to circulate as of January
2002, this timely book comes at a crucial juncture for the European
Union. Exploring the origins of and progress toward the
introduction of the euro, the contributors focus on the importance
of economic and monetary union (EMU) as part of the larger process
of European integration. Thus, chapters consider the value and
limits of a range of theoretical approaches for understanding
economic and monetary integration, the pros and cons of EMU's
institutional design, and country-specific experiences. With an
international group of leading scholars representing a range of
disciplines, this book offers a broad perspective on the dynamics
of EMU.
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