Incentives And Institutions


Incentives And Institutions
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Incentives And Institutions


Incentives And Institutions
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Author : Serguey Braguinsky
language : en
Publisher: Princeton University Press
Release Date : 2021-02-09

Incentives And Institutions written by Serguey Braguinsky and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-09 with Business & Economics categories.


Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated.



Creation And Transfer Of Knowledge


Creation And Transfer Of Knowledge
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Author : Giorgio Barba Navaretti
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09

Creation And Transfer Of Knowledge written by Giorgio Barba Navaretti and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.


Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the focus of attention, as a key economic issue.



Incentives And Performance


Incentives And Performance
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Author : Isabell M. Welpe
language : en
Publisher: Springer
Release Date : 2014-11-07

Incentives And Performance written by Isabell M. Welpe and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-07 with Business & Economics categories.


​This book contributes to the current discussion in society, politics and higher education on innovation capacity and the financial and non-financial incentives for researchers. The expert contributions in the book deal with implementation of incentive systems at higher education institutions in order to foster innovation. On the other hand, the book also discusses the extent to which governance structures from economy can be transferred to universities and how scientific performance can be measured and evaluated. This book is essential for decision-makers in knowledge-intensive organizations and higher-educational institutions dealing with the topic of performance management.



Institutional Development


Institutional Development
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Author : Arturo Israel
language : en
Publisher:
Release Date : 1987

Institutional Development written by Arturo Israel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.


Economic progress requires institutions with the ability to make effective use of the human and financial resources available. In developing countries, however, government agencies, public enterprises, and other public and private organizations often lack that ability. The author illustrates the importance of institutional performance in economic development and explores ways to increase the effectiveness of such institutions. Firmly grounded on contemporary theories, the book indicates that many of the commonly accepted principles of management and organization need to be modified, and new approaches developed. It describes various measures that managers and governments can adopt to improve performance in individual enterprises, sectors of the economy, and the country as a whole. He discusses in depth the managerial approach used in the training and visit system of agricultural extension. Ways of balancing economic, technical, and institutional factors in program design and reducing the complexity of projects are also considered. The author examines the reasons usually cited for their successes and failures. He then introduces two alternative factors that seem to offer better explanations of the patterns of institutional development. The first is specificity; the second factor is competition, which in addition to the traditional economic concept includes various pressures that can serve as surrogates for competition in the absence of a competitive market.



Institutional Incentives And Sustainable Development


Institutional Incentives And Sustainable Development
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Author : Elinor Ostrom
language : en
Publisher: Westview Press
Release Date : 1993-03-18

Institutional Incentives And Sustainable Development written by Elinor Ostrom and has been published by Westview Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-03-18 with Business & Economics categories.


The authors present a method for systemically comparing alternative institutional arrangements for the development of rural infrastructure.



Knowledge And Incentives In Policy


Knowledge And Incentives In Policy
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Author : Stefanie Haeffele
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-06-04

Knowledge And Incentives In Policy written by Stefanie Haeffele and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-04 with Political Science categories.


This book, 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.



Externalities Incentives And Economic Reforms


Externalities Incentives And Economic Reforms
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-01-01

Externalities Incentives And Economic Reforms written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-01-01 with Business & Economics categories.


The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple public decision makers is likely to experience “overspending,” “undertaxing,” “overborrowing,” and “overinflation” unless effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over the longer run unless assistance is made conditional on fundamental institutional reforms. The paper also analyzes reforms that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the responsiveness of output to market signals. In addition, the paper addresses the adverse effects of bank insurance and soft budget constraints.



Innovation And Incentives


Innovation And Incentives
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Author : Suzanne Scotchmer
language : en
Publisher: MIT Press
Release Date : 2006-08-11

Innovation And Incentives written by Suzanne Scotchmer and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-11 with Business & Economics categories.


Interest in intellectual property and other institutions that promote innovation exploded during the 1990s. Innovation and Incentives provides a clear and wide-ranging introduction to the economics of innovation, suitable for teaching at both the advanced undergraduate and graduate levels. It will also be useful to legal and economics professionals. Written by an expert on intellectual property and industrial organization, the book achieves a balanced mix of institutional details, examples, and theory. Analytical, empirical, or institutional factors can be given different emphases at different levels of study. Innovation and Incentives presents the historical, legal, and institutional contexts in which innovation takes place. After a historical overview of the institutions that support innovation, ranging from ancient history through today's government funding and hybrid institutions, the book discusses knowledge as a public good, the economic design of intellectual property, different models of cumulative innovation, the relation of competition to licensing and joint ventures, patent and copyright enforcement and litigation, private/public funding relationships, patent values and the return on R&D investment, intellectual property issues arising from direct and indirect network externalities, and globalization. The text presents technical and abstract analysis and at the same time sheds light on current controversies and policy-relevant topics, including the difficulty of enforcing copyright in the digital age and international protection of intellectual property.



Incentives To Improve Education


Incentives To Improve Education
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Author : Robert W. McMeekin
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003

Incentives To Improve Education written by Robert W. McMeekin and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.


Incentives to Improve Education identifies three categories of incentives: rewards, (financial rewards for teachers), competition (educational choice, often in the form of payment for education by voucher) and threats (introduction of external standards and accountability for performance). Using new institutional economics as a basis, Robert McMeekin develops a theoretical framework in which micro-level institutions - the 'rules of the game' - within school organizations influence the effort and the performance of teachers, students and other members of school communities. This model is used to analyze alternative approaches within each category of incentives (for example, merit pay for individual teachers versus merit awards to whole schools) and the reasons why some are more effective than others. The book argues that an incentive's impact on schools depends on how it influences the institutional climate within the school. Contracting in schools and networks of schools are also explored. Drawing on a body of economic thought - rarely applied in education studies - that explains how and why different approaches to providing incentives work, this book will be invaluable to economists, practitioners and others with an interest in educational policy and governance and in improving school performance.



Defusing Default


Defusing Default
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Author : Marco Pagano
language : en
Publisher: IDB
Release Date : 2001

Defusing Default written by Marco Pagano and has been published by IDB this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.


This book uses a variety of perspectives and tools, including theoretical modeling and cross-country evidence, to examine the costs and benefits of protecting creditor rights. Case studies look at creditor protection in Argentina, Brazil, Chile, Costa Rica, Paraguay and Peru. The studies find that more effective judicial enforcement would help to make more credit available and improve the overall performance of the credit market. (Midwest).